Question: Exercise 3-1 (Algo) Compute a Predetermined Overhead Rate [LO3-1] Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At

 Exercise 3-1 (Algo) Compute a Predetermined Overhead Rate [LO3-1] Harris Fabrics
computes its plantwide predetermined overhead rate annually on the basis of direct

Exercise 3-1 (Algo) Compute a Predetermined Overhead Rate [LO3-1] Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $546,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $679,898 and its actual total direct labor was 33,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. Note: Round your answer to 2 decimal places. Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A.500: Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? Note: Round your answer to 2 decimal places

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