Question: Help Save & Exit Subm Check my work Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur

 Help Save & Exit Subm Check my work Shire Computer's predetermined
overhead rate is based on direct labor cost. Management estimates the company

Help Save & Exit Subm Check my work Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $663,000 of overhead costs and $510,000 of direct labor cost for the year. During March, Shire began and completed Job 13- 56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for the year? Overhead Rate Choose Denominator: . Choose Numerator: Overhead Rate Overhead rate 1 1 Required 2 > Help Save & Exit Check my Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) Job No: 13-56 JOB COST SHEET Customer's Name: Keiser Co. Job Description: 5 plasma monitors-61 inch Direct Materials Direct Labor Overhead Total Cost Date Requisition No. Amount Time-Ticket No. Amount Costs Applied 4-129 $ Mar 8 $ 3,000 T-306 640 Mar. 11 4-142 7,050 T-432 1,350 1,280 Mar. 18 4-167 3,650 T-456

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!