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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 35,000
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 35,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $517,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $687,686 and its actual total direct labor was 35,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH part 2 Luthan Company uses a plantwide predetermined overhead rate of $23.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $286,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $266,000 and 11,500 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. Manufacturing overhead applied part 3 Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $13.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 300 $ 65 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit part 4 Fickel Company has two manufacturing departmentsAssembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $15.00 per direct labor-hour and $11.00 per direct labor-hour, respectively. The company's direct labor wage rate is $18.00 per hour. The following information pertains to Job N-60: Testing & Packaging $ 33 $ 45 Assembly $360 $ 117 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost per unit part 5 Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 52,500 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $262,500 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $283,300 and its actual total direct labor was 57,850 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials Direct labor cost Direct labor hours worked $ 43,500 $ 22,000 210 Compute the total job cost for the Xavier Company engagement. Direct materials Direct labor Overhead applied Total manufacturing cost Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH part 6 Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below. Estimated machine-hours 72,600 Estimated variable manufacturing overhead $ 3.00 per machine-hour Estimated total fixed manufacturing overhead $838, 770 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice O $6.87 per machine-hour $8.66 per machine-hour o $9.00 per machine-hour $14.55 per machine-hour part 7 Sargent Corporation applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job 210 shows $20,300 of manufacturing overhead cost applied, how much was the direct labor cost on the job? Multiple Choice O $29,000 $34.510 O o $14.210 O $20,300 part 8 The following data have been recorded for recently completed Job 450 on Its Job cost sheet. Direct materials cost was $2.091. A total of 39 direct labor-hours and 176 machine-hours were worked on the job. The direct labor wage rate is $18 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $23 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $3.797 $6,841 $4 216 $8.986 O parta Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: 30, 300 $575, 700 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently. Job T687 was completed with the following characteristics: Number of units in the 10 job Total machine-hours 30 Direct materials $ 730 Direct labor cost $1,460 The total job cost for Job T687 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice o $2.150 $2.190 $1,420 $2.880 O part 10 Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $399.600, variable manufacturing overhead of $2.60 per machine-hour, and 54,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed: Number of units in the 10 job Total machine-hours 80 Direct materials 730 Direct labor cost $1,460 $ The unit product cost for Job A496 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice $219.00 $27.38 o o $37.38 $299.00 O
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