Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimoted that 33,000

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimoted that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $569,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $698,221 and its actual total direct labor was 33,500 hours: Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Luthan Company uses a plantwide predetermined overheed rate of $23.60 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $2.83,200 of total manufacturing overhead cost for an estimated activity level of 12,000 direct laborhours. The company incurred actual total manufacturing overhead cost of $267,000 and 12,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The foliowing information pertains to Job A-500: Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, whot is the unit product cost for this job? (Round your answer to 2 decimal places.) Required information [The following information applies to the questions displayed below.] Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Required: 1. Compute the activity rate for each activity cost pook. (Round your answers to 2 decimal places.) Lamer Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Cost and activity data have been supplied for the following products: Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions