Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shire Computers 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
Shire Computers 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 year. During March, Shire began and completed Job 13-56.
Shire Computer's predetermined overhead rate is based on direct labor cont. Management estimates the company will incur $741000 of overhead costs and $570,000 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 What is the predetermined overhead rate for the year? Overhead Rate Choose Numerator: Choose Denonnitiator Estimated overhead cost / Estimated labor cost $ 741,000/ $ 570,000 Overhead Rate Overhead rate 130% Required 2 > Required Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur 5741,000 of overhead costs and $570,000 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 No: 13-56 JOB COST SHEET Customer's Name: Kelser Co. Job Description: 5 plasma monitors-61 Inch Direct Materials Direct Labor Total Cost Overhead Costs Applied Amount Time-Ticket No. Amount Requisition No. Dato $ 700 4-129 $ Mar. 8 Mar. 11 4-142 4-167 3,000 T-306 7,500 T-432 3,200 T-456 1,290 1,310 Mar. 18 Required Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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