Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total 1,050 450 1,500 Units produced Machine-hours 3,800 2,900 6,700 Direct labor-hours 2,200 1,200 3,400 Direct materials costs Direct labor costs $9,600 $ 3,750 37,700 73,600 $ 13,350 111,300 115,532 Manufacturing overhead costs Total costs $240,182 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.) Predetermined overhead rate % of direct labor cost Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total 1,050 450 1,500 Units produced Machine-hours 3,800 2,900 6,700 Direct labor-hours 2,200 1,200 3,400 Direct materials costs Direct labor costs $9,600 $ 3,750 37,700 73,600 $ 13,350 111,300 115,532 Manufacturing overhead costs Total costs $240,182 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.) Predetermined overhead rate % of direct labor cost
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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