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QUESTION 1 Elf Inc. computes its Plant-Wide Predetermined Overhead Rate annually on the basis of Direct Labor - Hours. At the beginning of the year
QUESTION 1 Elf Inc. computes its Plant-Wide Predetermined Overhead Rate annually on the basis of Direct Labor - Hours. At the beginning of the year it estimated 40.000 direct-labor hours would be required for the period's estimated level of production. The company estimated $290,000 of fixed manufacturing overhead cost and variable manufacturing overhead of 54.00 per direct - labor hour Direct Labor Wage Rate is: $35 / Hour The following information pertains to Job 718K: 51.180 Direct Materials Cost Direct Labor Cost Units Completed 57960 50 How many Direct-Labor Hours were worked What is the Predatermined Overhead Rate (Estimated SMOH divided by Estimated Base) How much Manufacturing Overhead was applied to Job 710K What is the Total Manufacturing Cost of Job 718K What is the Avg Cost per unit in Job 718K
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