Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000 of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET Customer's Namer Kaiser Co. Job No: 13.50 linh Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) Job No: 13-56 JOB COST SHEET Customer's Name: Keiser Co. Job Description: 5 plasma monitors-61 inch Direct Materials Direct Labor Total Cost Date Requisition No. Amount Time-Ticket No. Overhead Costs Applied Amount $ $ 610 Mar. 8 Mar. 11 Mar. 18 4-129 4-142 4-167 6,000 T-306 6.550 T-432 3,800 T 456 1,310 1,320 Required 1 Storm Concert Promotions Actual indirect materials costs $11,400 Actual indirect labor 56,800 costs Other overhead costs 16,600 overhead applied 91, 400 Valle Home Builders $ 6,600 45,700 48,600 96,800 Storm Concert Promotions Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. ces Factory OH GJ Storm Factory OH Storm Valle G) Valle Determine whether overhead is overapplied or underapplied Factory Overhead-Storm Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year, direct materials costs, $820,000; direct labor costs, $4700,000; and factory overhead costs applied, $2,820,000 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $88,000 ending Work in Process Inventory account for the year had $37,000 of direct labor costs, determine the inventory's direct materials costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the company's predetermined overhead rate for the year. Overhead Rate Choose Denominator Choose Numerator Overhead Rate Pal.UUU UI UNELE VOI LUSU, uete me me memory UHELL VIOLENCIS LUSI). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the company's predetermined overhead rate for the year. Overhead Rate Choose Numerator: | Choose Denominator: Overhead Rate Overhead rate 1 1111 1 Required: Required 2 > N SAMSUNG Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one of the firms bidding on the job. Frey estimates that the job will require the following direct labor Labor Architects Staff clerical Estimated Hours 154 308 550 Hourly Rate $300 75 20 Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earh at least $70,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $287,000 and $354,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $287.000, will it earn its target profit of $70,000? 3. What is Frey's Estimated selling price? comprere this question by entering your answers in the tabs pelow. Required 1 Required 2 Required 3 If Frey bids a price of $287,000, will it earn its target profit of $70,000? if Frey bids a price of $287,000, will it earn its target profit of $70,000? 3. What is Frey's Estimated selling price? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is Frey's Estimated selling price? Estimated selling price
