Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Keish company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. the company has provied the following estimated cost

Keish company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. the company has provied the following estimated cost for the next year

direct materials $10,000

direct labour 30,000

sales commission 40,000

Salary of production supervisor 20,000

indirect material 4,000

advertising expense 8,000

rent on factory equipment 10,000

keish estimates that 5,000 direct labour hours and 10,000 machine hours will be worked during the year. what will be the predetermined overhead rate per hour?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

7th edition

1259722635, 978-1259722639

Students also viewed these Accounting questions

Question

Will the company help with relocation expenses?

Answered: 1 week ago