Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $684,000 of overhead costs and $570,000 of direct

image text in transcribed

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $684,000 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. Answer is complete but not entirely correct. 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: Keiser Co. Job Description: 5 plasma monitors61 inch Direct Materials Direct Labor Date Time-Ticket Requisition No. Amount Amount No. Overhead Total Cost Amount Mar. 8 4-129 $ 5,000 T-306 $ 640 Costs Applied $ 768 1,584 1,620 Mar. 11 4-142 6,800 T-432 1,320 Mar. 18 4-167 3,550 T-456 1,350 $ 15,350 $ 3,310$ 3,972 $ 3,972 X

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

Effective Auditing For Corporates Ensuring That All The Risks Are Covered

Authors: Bloomsbury, Joe Oringel

1st Edition

1849300445, 978-1849300445

More Books

Students also viewed these Accounting questions

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago