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In December 2014, Shire Computers management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes
In December 2014, Shire Computers management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $747,500 of overhead costs and $575,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56.
Compute the job cost sheet JOB COST SHEET Job 13-56 Direct Materials Direct Labor Overhead Total Cost Costs Date Requisition No. Amount Time-Ticket No. Amount Applied 4-129 5,000 T306 Mar. 8 700 4-142 Mar. 11 7,020 T-432 1,250 4-167 Mar. 18 3,330 T-456 1,250Step by Step Solution
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