1.What are the two components of a predetermined overhead rate?

 

 

 

4.During 2016 Caruba Manufacturing expected Job 25 to cost $75,000 of overhead, $130,000 of material, and $25,000 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $80,000, $140,000 in materials used; and $20,000 in labour. All of the goods were completed. What amount was transferred to Finished Goods?

 

5.Payne Company developed the following data for the current year:

Beginning work in process inventory $68,000

Direct materials used 104,000

Actual overhead 88,000

Overhead applied 92,000

Cost of goods manufactured 450,000

Total manufacturing costs 428,000

How much is Payne Company's direct labour cost for the year?

 

Answer rating: 100% (QA)

Answer 1 The two components of a predetermined overhead rate are the estimated total manufacturing o... View the full answer