Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Would someone mind checking my answers and helping with part C? Thank you! Linus Company uses normal costing. Linus applies overhead based on direct labor

image text in transcribed

Would someone mind checking my answers and helping with part C? Thank you!

Linus Company uses normal costing. Linus applies overhead based on direct labor hours. The following data are provided: Budgeted Actual Overhead $420,000 $411,600 Machine hours 20,000 hrs. 19,000 hrs. Direct labor hours 16,000 hrs. 16,940 hrs. Direct materials cost $518,000 Direct labor cost $395,000 Units produced 10,000 units A. Calculate the predetermined overhead rate. Round your answer to the nearest cent. 26.25 per direct labor hour SI B. Calculate applied overhead. 444,675 C. Calculate the unit cost. Round your answer to the nearest cent. per unit

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_2

Step: 3

blur-text-image_3

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

Audit Effectiveness Meeting The IT Challenge

Authors: Kamil Omoteso

1st Edition

1409434680, 9781409434689

More Books

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago