Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
please help. not sure how to use the formula All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to
please help. not sure how to use the formula All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur 5064,000 of manufacturing overhead cost 41.500 of direct labor hours, and 51,162,000 of direct labor cost during the year (the cost of direct laboris $28 per hour) The company allocates manufacturing overhead on the basis of direct labor hours During July, Al Wood completed Job 307 The job used 185 direct labor hours and required $14,500 of direct materials. The Cly of Hamptonvilo has contracted to purchase the playground equipment at a price of 23% over manufacturing cost Read the requirements Requirement 1. Calculate the manufacturing cost of Job 307 Requirements -X First identify the formula then calculate the predetermined overhead rate = Predetermined overhead rate 1. Calculate the manufacturing cost of Job 307 2. How much wil the City of Hamptonvile pay for this playground equipment per hour Print Done
please help. not sure how to use the formula
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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