2. Griffen Entreprises is a service industry. At the beginning of the year, this company had...

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2. Griffen Entreprises is a service industry. At the beginning of the year, this company had the following estimates for its POHR formula: Estimated direct labor hours for the year: 100,000 Fixed Overhead Cost for the year: 200,000 Variable Overhead Cost per direct labor hour: $12.00 Required: (a) Calculate the POHR for Griffen Entreprises. (b) If Griffen had Job #333 with Direct Materials of $45,000 and Direct Labor of 3000 hours at $25/hour, calculate the cost of Job #333. (c) If Griffen required a markup of 80%, how much should it charge its client for Job #333? 2. Griffen Entreprises is a service industry. At the beginning of the year, this company had the following estimates for its POHR formula: Estimated direct labor hours for the year: 100,000 Fixed Overhead Cost for the year: 200,000 Variable Overhead Cost per direct labor hour: $12.00 Required: (a) Calculate the POHR for Griffen Entreprises. (b) If Griffen had Job #333 with Direct Materials of $45,000 and Direct Labor of 3000 hours at $25/hour, calculate the cost of Job #333. (c) If Griffen required a markup of 80%, how much should it charge its client for Job #333?

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a Calculation of Predetermined Overhead Rate POHR POHR Fixed Overhead Cost Variable Overhead Cost Es... View the full answer