Question
URGENT PLEASE !!! 1. Compute the predetermined overhead rate for Apple co. if its estimated overhead costs for the coming year will be $20,000 and
URGENT PLEASE !!!
1. Compute the predetermined overhead rate for Apple co. if its estimated overhead costs for the coming year will be $20,000 and 6,000 direct labor hours will be worked.
2. Calculate the amount of overhead costs applied by Apple Co. to one of its jobs if the job required 12 direct labor hours to complete.
3. Compute the total cost of the job if prime (direct material and direct labor) costs incurred by Apple Co. to complete it were $60. If the job contained 5 units of service, what is the unit cost?
4. Using the traditional overhead rate computed in Step 1, determine the total amount of overhead applied to operations during the year if Apple Co. compiles a total of 4,900 labor hours worked.
5. If Apple's actual overhead costs for the year are $14,800, compute the amount of under-or overapplied overhead for the year. Will the Cost of Goods Sold account be increased or decreased to correct the under-or overapplication of overhead?
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