Chorio's Inc. computes its plant-wide, predetermined overhead rate annually based on direct labor- hours. For Year...

 

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Chorio's Inc. computes its plant-wide, predetermined overhead rate annually based on direct labor- hours. For Year 1, Chorio estimated that 46,000 direct labor-hours would be required for the period's expected level of production. The company also estimated $5,902,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.45 per direct labor-hour. Chorio's actual manufacturing overhead cost for the year was $747,362, and its actual total direct labor was 41,300 hours. Calculate the predetermined OH rate for Chorio's Year 1. Enter your answer as dollars per DLH, 2 d.p. Question 6 2 pts Chorio's has computed its Year 2 predictions and has settled on a predetermined overhead application rate of $124.98 per DLH. At the end of this period, actual manufacturing overhead cost for the year was $747,362 and its actual total direct labor was 42,000 hours. What is the manufacturing overhead applied for this period? Round your answer to the nearest whole dollar. Chorio's Inc. computes its plant-wide, predetermined overhead rate annually based on direct labor- hours. For Year 1, Chorio estimated that 46,000 direct labor-hours would be required for the period's expected level of production. The company also estimated $5,902,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.45 per direct labor-hour. Chorio's actual manufacturing overhead cost for the year was $747,362, and its actual total direct labor was 41,300 hours. Calculate the predetermined OH rate for Chorio's Year 1. Enter your answer as dollars per DLH, 2 d.p. Question 6 2 pts Chorio's has computed its Year 2 predictions and has settled on a predetermined overhead application rate of $124.98 per DLH. At the end of this period, actual manufacturing overhead cost for the year was $747,362 and its actual total direct labor was 42,000 hours. What is the manufacturing overhead applied for this period? Round your answer to the nearest whole dollar.

Answer rating: 100% (QA)

To calculate the predetermined overhead OH rate for Chorios Year 1 we will use the following formula ... View the full answer