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Sore The following Information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by
Sore The following Information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q. and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. 7/1 11 7/5 775 7/10 Document Amount Q-4698 $1,25e W3393 600 0-4725 1.000 W-3479 450 W=3559 Determine the total cost on the job cost sheet for Job 9-1005. JOB COST SHEET: Job 9-1005 Direct Materials Direct labor Requisition Na Amount Time-Ticket No Amount Total Cost Date Overhead Costs Applied 07:01 07/06 07/10 Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747.500 of overhead costs and $575,000 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 Denominator Choose Numerator Overhead Rate Overhead rate Required 2 >
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