Nestor Recycling recycles newsprint, cardboard, and so forth, Into recycled After the new fiscal year bogan, Elliott Paper Supply asked Nostor Recycling to packaging materials. For the coming year, Nestor estimates total manufacturing bid for a job that will take 1,975 machine hours and 1.600 direct labor hours to overhead to be $369,260. The company's managers are not sure if direct labor produce. The direct labor cost for this job will be $12 per hour, and the direct hours (estimated to be 9,980) or machine hours (estimated to be 18,463 hours) is materials will total $25,600 the best allocation base to use for allocating manufacturing overhead. Nestor bids for jobs using a 29% markup over total manufacturing cost Read the requirements Requirement 1. Compute the total job cost and bid price if Nestor Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rato, Predetermined overhead rato Cornwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been Identified: Click the icon to view the activity costs and drivers) The Job Cost Record for Job #804 revealed that direct materials requisitioned for the job totaled $1,250. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $30 per hour. Other data collected on the resources used by Job #804 included: Click the icon to view the other data.) Read the requirements Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviations used: DL direct labor, MH = machine hour.) Activity cost allocation rate Nestor Recycling recycles newsprint, cardboard, and so forth, Into recycled After the new fiscal year bogan, Elliott Paper Supply asked Nostor Recycling to packaging materials. For the coming year, Nestor estimates total manufacturing bid for a job that will take 1,975 machine hours and 1.600 direct labor hours to overhead to be $369,260. The company's managers are not sure if direct labor produce. The direct labor cost for this job will be $12 per hour, and the direct hours (estimated to be 9,980) or machine hours (estimated to be 18,463 hours) is materials will total $25,600 the best allocation base to use for allocating manufacturing overhead. Nestor bids for jobs using a 29% markup over total manufacturing cost Read the requirements Requirement 1. Compute the total job cost and bid price if Nestor Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rato, Predetermined overhead rato Cornwell Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been Identified: Click the icon to view the activity costs and drivers) The Job Cost Record for Job #804 revealed that direct materials requisitioned for the job totaled $1,250. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $30 per hour. Other data collected on the resources used by Job #804 included: Click the icon to view the other data.) Read the requirements Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviations used: DL direct labor, MH = machine hour.) Activity cost allocation rate
