Question: Please show all steps so I can fully understand how to solve. thank you Fred Co., a publicly accountable company, applies manufacturing overhead to jobs

Please show all steps so I can fully understand how to

Please show all steps so I can fully understand how to solve. thank you

Fred Co., a publicly accountable company, applies manufacturing overhead to jobs using a predetermined overhead rate that is based on direct labour costs. Data for the most recent year is as follows: Actual direct labour hours 8687 Direct labour rate $10/hour Actual manufacturing overhead costs $95770 At the end of the year, Fred Co, disposed of over under-applied overhead by crediting COGS for $8874. What was Fred's predetermined overhead rate for the year? Select one: O a. $11.02 b. $12.05 c. $1.10 d. $1.20

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!

Please show all steps so I can fully understand how to solve. thank you Vanex Co, a publicly accountable company, uses a job order system and has provided the following selected information regarding...

Please show all steps so I can fully understand how to solve. thank you Thing Co. uses a job order costing system. At the beginning of July, the company had the following job in progress: $22508 Job...

Page 1 Question 1. 1. (TCO 1) Which of the following is NOT a difference between Financial Accounting and Managerial Accounting?(Points : 7) Financial Accounting is concerned with the past, while...

20) Dillon Company applies manufacturing overhead to jobs..... I would just like number 20 answered which is asking for total cost of goods manufactured, under normal costing, for the month of May....

FOR SARAHMRKHANONLY Absolutely no plagarism - Report is run through TurnItIn SEE Attachment - Please provide valid links for references. Calculating Inventory Finlon Upholstery Inc. uses a job-order...

PLZ HELP!!!! Managerial Accounting - Job Order Costing Project Need help with Transaction Page and Excel Workbook Please and thank you!!! :) All pictures and steps are posted below . Transaction page...

Question 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the...

Pressure Reducers, Inc. produces and sells lumbar support cushions for office chairs using a special foam that molds to a persons back. Since all products are made to order, the only inventory the...

10. Consider the equilibrium heat conduction problem with conductivity, k(u), depending on the temperature u, de (k(u) du). dx u(0) = = 0, u(1) = 10. = The next simplest choice for k(u) after the...

One advantage of the LBO deal structure is that it makes the business less vulnerable to business cycle fluctuations. Group of answer choices True False

An organization's progressive discipline system should provide managers with a document to file, recording the nature and date of an offense. True False

What are your strengths and weaknesses with numerical reasoning? Where might you look for help with statistics (family member; work colleague; fellow student; colleague; tutor; friend)?

What books or manuals might you obtain to help you through the data analysis process?

How realistic do your outputs look? Might some of them really be too good to be true meaning that you need to carefully check the appropriateness of the test and the way it has been undertaken?