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 estimated that

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 estimated that 38,000 direct labor hours would be required for the period's estimated level of production. The company also estimated $522.000 of foed manufacturing overhead cost for the coming period and variable manufacturing overhead of $200 per direct labor-hour Hartis's actual manufacturing overhead cost for the year was $671318 and its actual total direct labor was 38,500 hours : Compute the company's plantwide predetermined overtical rate for the year. (Round your answer to 2 decimal places.) Predatormined berhent per DLH

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

Step: 3

blur-text-image

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

Fair Value Measurement Practical Guidance And Implementation

Authors: Mark L. Zyla

3rd Edition

1119191238, 9781119191230

More Books

Students also viewed these Accounting questions

Question

Know how to find a consultant

Answered: 1 week ago