Plenty Bros. is using direct labor hours for computing their predetermined. overhead rate. Plenty estimated total...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Plenty Bros. is using direct labor hours for computing their predetermined. overhead rate. Plenty estimated total fixed manufacturing overhead of $146,000 and 10,000 direct labor-hours for the period. Plenty incurred actual total fixed manufacturing overhead of $113,000 and 10,218 total direct labor-hours during the period. They incurred 13,000 direct labor hours completing 130 jobs during the period. What is the predetermined overhead rate, rounded to two decimal places? Plenty Bros. is using direct labor hours for computing their predetermined. overhead rate. Plenty estimated total fixed manufacturing overhead of $146,000 and 10,000 direct labor-hours for the period. Plenty incurred actual total fixed manufacturing overhead of $113,000 and 10,218 total direct labor-hours during the period. They incurred 13,000 direct labor hours completing 130 jobs during the period. What is the predetermined overhead rate, rounded to two decimal places?
Expert Answer:
Answer rating: 100% (QA)
To calculate the predetermined overhead rate you can use t... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
(a) Given that z =2+23i and z =-5+5i. Express, and in polar form. (b) Find z and in exponential form. (c) Find (5)*() in the forms of x+yi.
-
OLeary Corporation manufactures special purpose portable structures (huts, mobile offices, and so on) for use at construction sites. It only builds to order (each unit is built to customer...
-
Suppose that the equilibrium wage in industry A is $47,000. Industry B is riskier with workers having a 10% greater chance of dying on the job; the wage in industry B is $61,000. What is the implied...
-
Refer to the information in BE4-7 for Hébert Company. Prepare the correcting journal entries. Information in BE4-7 1. A collection of cash on account from a customer for $750 was recorded as a...
-
Natural light falls on a system of three identical in-line Polaroids, the principal direction of the middle Polaroid forming an angle ф = 60 with those of two other Polaroids. The maximum...
-
Each of the 70 trainees at a secretarial college was asked to type a copy of a particular document. The times taken are shown, correct to the nearest 0.1 minutes, in the following table. a. Explain...
-
What is delegation? What is its significance in structural modeling?
-
Distinguish between an auditors responsibilities to detect and report errors, illegal acts, and fraud. What role does materiality have in determining the proper reporting and disclosure of such...
-
Takeaways for Case study analysis of Transferring Knowledge Between Projects at NASA JPL
-
You are mapping metamorphic rocks and you notice a lineation within the rocks. At five different outcrops you measure the pitch of the lineation on an exposed planar rock surface (not necessarily the...
-
Thermal decomposition of AgNO3 produces two paramagnetic gases. The total number of electrons present in the antibonding molecular orbitals of the gas that has the higher number of unpaired electrons...
-
A focus group of 33 people for \(A B C T V\) were asked to rank the government spending priorities of education \((\mathrm{E})\), military spending \((\mathrm{M})\), health care \((\mathrm{H})\),...
-
Determine the winner, if any, using the voting methods in Problems 29-34. Borda count method In voting among three candidates, the outcomes are reported as: (CBA) (ACB) (BAC) (BCA) (CAB) 3 0 4 2 5...
-
Use this information to answer the questions in Problems 18-23. a. What does the notation (ADBC) mean? b. What does the " 8 " under (ADBC) mean? In voting among four candidates, the outcomes are...
-
Give one example in which you have participated in voting where the count was tabulated by the approval voting method. Your example can be made up or factual, but you should be specific.
-
Find the standard divisor (to two decimal places) for the given populations and number of representative seats in Problems 15-22. Population 1,450,000 # Seats 12
-
1.1.2.2-tetrapropylpropane This name has been provided for an organic compound, but it is incorrect. Please provide the correct name, following IUPAC naming rules. Correct name:...
-
The cost curve for the city water supply is C(Q) = 16 + 1/4 Q2, where Q is the amount of water supplied and C(Q) is the cost of providing Q acre-feet of water. (An acre-foot is the amount of water...
-
Explain why the quantity purchased (PQ) is used in computing the direct material price variance, but the actual quantity consumed (AQ) is used in computing the direct-material quantity variance.
-
Show, using T-accounts, how manufacturing overhead is added to Work-in-Process Inventory when standard costing is used.
-
Refer to the data given in the preceding exercise. The budgeted costs in the two service departments for the year are as follows: HR ..........$153,000 Computing .......2290,500 Required: Use the...
-
From the following figures, compile accounts receivable ledger and accounts payable ledger control accounts for the month, and ascertain what the net balances of the respective ledgers should be on...
-
Why may some people consider this to be incorrect? That is, why is the fact that the control account is kept in the General Ledger not enough to justify saying that the control account is part of the...
-
The financial year of The Better Trading Company ended on 30 November 2014. You have been asked to prepare a Total Accounts Receivable Account and a Total Accounts Payable Account in order to produce...
Study smarter with the SolutionInn App