4. Hats R US Corporation makes custom hats and has the following estimated costs for the...
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4. Hats R US Corporation makes custom hats and has the following estimated costs for the next year Hatsit Us ses direct labor hours to calculate the predetermined overhead rate. (20 pts) a. In the box on the right indicate which items are part of Manufacturing Overhead by marking them as MOH Utilities for factory Direct materials Production supervisors salaries Advertising expense Direct labor ($22per hour) Rent on factory equipment Indirect materials Depreciation on corporate office building b. What is estimated total MOH? $520,000 $930,000 $370,000 $490,000 $583,000 $344,700 $85,000 $325,000 c. If overhead is applied on the basis of direct labor hours, the overhead rate per hour will be (round to 2 decimal places): d. If E458 used $3,229 of direct materials and 80 hours of direct labor. What was the total cost of Job E458? e. If Job E458 completed 1400 hats, what is the per unit cost (round to 2 decimal places)? 4. Hats R US Corporation makes custom hats and has the following estimated costs for the next year Hatsit Us ses direct labor hours to calculate the predetermined overhead rate. (20 pts) a. In the box on the right indicate which items are part of Manufacturing Overhead by marking them as MOH Utilities for factory Direct materials Production supervisors salaries Advertising expense Direct labor ($22per hour) Rent on factory equipment Indirect materials Depreciation on corporate office building b. What is estimated total MOH? $520,000 $930,000 $370,000 $490,000 $583,000 $344,700 $85,000 $325,000 c. If overhead is applied on the basis of direct labor hours, the overhead rate per hour will be (round to 2 decimal places): d. If E458 used $3,229 of direct materials and 80 hours of direct labor. What was the total cost of Job E458? e. If Job E458 completed 1400 hats, what is the per unit cost (round to 2 decimal places)?
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Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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