Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $ 7 4 1 , 0 0 0

Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $741,000 of overhead costs and $570,000 of direct labor cost for the period. During March, Shire began and completed Job 56.
What is the predetermined overhead rate for this period?
Use the information on the following job cost sheet to determine the total cost of Job 56.
Complete this question by entering your answers in the tabs below.
Use the information on the following job cost sheet to determine the total cost of Job 56.
Note: Round your answers to the nearest dollar amount.
\table[[,JOB COST SHEET,,e22,],[Customer's Name: Koiser Company,Job Number: 56],[Job Description: 3 customizod systems],[Date,Direct Materials,Direct Labor,{
\table[[Overhoad],[Applied]]},Total Cost],[\table[[Requisition],[Number]],Cost,\table[[Time-Ticket],[Number]],Cost],[March 08,M-129,$,6,000,T-306,$,670,$,871,],[March 11,M-142,,7,300,T-432,,1,280,,1,664,],[March 18,M-167,,3,600,T-456,,1.270,,1,651,],[,,,,,,,,,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Hotel And Restaurant Accounting

Authors: Cole Raymond

8th Edition

0866125531, 9780866125536

More Books

Students also viewed these Accounting questions