Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the blanks filled in using the info from the second picture. D For part a below, enter the predetermined overhead rate for each

I need the blanks filled in using the info from the second picture. image text in transcribed
image text in transcribed
D For part a below, enter the predetermined overhead rate for each of the three allocation bases in the boxes provided. Round to the nearest cent. Dollar signs are not a. 60.00 Correct The predetermined overhead rate per direct labor hour = The predetermined overhead rate per direct labor cost= The predetermined overhead rate per machine hour = Incorrect Incorrect For part b below, use the drop down menuto select the best answer from the options provided b. The best answer is Incorrect Answer choices 1. Direct labor hours make up a significant portion of the company's overhead costs. 2. Direct labor costs are the primary cause for the mumber of machine hours used 3. Machine hours are the primary cause of the company's overhead costs. For part below, enter the appropriate dollar amount in each cell. Dollar signs and commas are not required c. Three different cost calculations are required Direct Labor Hours Direct materials Direct labor Manufacturing overhead Total cost of Job 128 Machine Hours Direct Labor Hours Column Direct Labor Cost $ 6,000 4.000 20,000 $30,000 Incorrect Incorrect Incorrect Incorrect BE17 22.23 E2 E 26 E30 Type here to search VIDLA G-SYNC C Readi 0927-133930-295387/read ? Robinhood Discord T Nadine Burke Harri Other bookmarks Required: Prepare an income statement for year ended December 31 26. Manufacturing Overhead Allocation Base and Calculating the Cost of Jobs. Brenner Company expects to incur $3,000,000 in manufacturing overhead costs this year. During the year, it expects to use 50,000 direct labor hours at a cost of $600,000 and 80,000 machine hours, Required: a Calculate the predetermined overhead rate based on direct labor hours direct labor cost, and machine hours b. Why might Brenner Company prefer to use machine hours to allocate manufacturing overhead? c Using each of the predetermined overhead rates calculated in requirement a and the data that follows for job 128. determine the cost of job 128 Direct materials $6,000 Direct labor $4,000 (200 hours at $15 per hour) + (100 hours at $10 per hour) 700 hours Machine time Exercises: Set B

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

Managerial Accounting Special Edition For California State University Los Angeles

Authors: Garrison

14th Edition

0077519973, 978-0077519971

More Books

Students also viewed these Accounting questions

Question

List the elements of a gift.

Answered: 1 week ago