Question: Clarrin, Inc. has estimated the following operating data for the current year: Direct labor hours: 19000 Machine hours: 11000 Direct materials cost: $74000 Manufacturing overhead:

Clarrin, Inc. has estimated the following operating data for the current year: Direct labor hours: 19000 Machine hours: 11000 Direct materials cost: $74000 Manufacturing overhead: $137000 Assume that Clarrin, Inc. computes a predetermined overhead rate annually based on direct labor hours. During January of the current year. Clarrin, Inc. works on 2 products, and accumulated the following actual operating data by product: Actual manufacturing overhead for January is $11645. What is the predetermined overhead rate (per direct labor hour) that Clarrin, Inc. will use in the current year? Round the rate to the nearest penny for your answer. USE THE ROUNDED RATE IN THIS ANSWER BOX in other calculations. How much total overhead will Clarrin, Inc. apply to inventory in January? Round your answer to the nearest dollar. What is the overhead variance for January? Enter as a positive number (no sign)
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