Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tamarisk Company has gathered the following information: Variable manufacturing overhead costs $12,870 Fixed manufacturing overhead costs $9,900 Normal production level in labour hours 9,000

image text in transcribed

Tamarisk Company has gathered the following information: Variable manufacturing overhead costs $12,870 Fixed manufacturing overhead costs $9,900 Normal production level in labour hours 9,000 Standard labour hours 9,300 During the year, 3,300 units were produced, 10,300 hours were worked, and the actual manufacturing overhead was $20,900. Actual fixed overhead totalled $9,990. Tamarisk applies overhead based on direct labour hours. (a) Calculate the total, fixed, and variable predetermined overhead rates. (Round calculations and final answer to 2 decimal places, e.g. 15.25.) Fixed predetermined ovehead rate per DL hour Variable predetermined ovehead rate $ per DL hour Total predetermined ovehead rate per DL hour

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

Accounting Information Systems The Crossroads of Accounting & IT

Authors: Donna Kay, Ali Ovlia

2nd Edition

132991322, 978-0132991322

More Books

Students also viewed these Accounting questions

Question

a. Where is the person employed?

Answered: 1 week ago

Question

Freight paid should be added to the cost of a specific purchase.

Answered: 1 week ago

Question

Write short notes on LIFO and FIFO methods.

Answered: 1 week ago