Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Leisure Industries manufactures custom-designed playground equipment for schools and city parts. Leure expected to incur $863, 100 of manufacturing overhead cost, 41,100 of direct
Leisure Industries manufactures custom-designed playground equipment for schools and city parts. Leure expected to incur $863, 100 of manufacturing overhead cost, 41,100 of direct labor hours, and $1,475,000 of direct labor cost during the year he cost of direct labor is $30 per hours. The company allocates manufacturing overhead on the basis of direct labor hours During December, Leisure completed Job 307. The job used 160 direct labor hours and quired $15.100 of direct materials. The City of Southtown has contracted to purchase the playground equipment at a price of 20% over manufacturing cost Read the meta Requirement 1. Calculate the manufactuting cost of Juh 307 First identify the formula, then caluate the predetermined overhead rate Extmated yearly overhead s 603.100 Calculate the manufacturing cost of Job 307 Estimated yearly direct labor hours Predmined overhead rale 41.100 21 per hour Deed tabor Drect materials Manufacturing overhead job cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started