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Three part question. A) B) C) Thank you. Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning
Three part question.
A)
B)
C)
Thank you.
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 43,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $600,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $852,752 and its actual total direct labor was 43,500 hours. Required: Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Luthan Company uses a predetermined overhead rate of $22.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $265,200 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $268,000 and 10,900 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied Mickley Company's predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $240 $120 Required: 1. What is the total manufacturing cost assigned to Job A-500? Total manufacturing cost 2. If Job A-500 consists of 30 units, what is the average cost assigned to each unit included in the job? (Round your answer to 2 decimal places.) Average cost per unitStep by Step Solution
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