Question one

part one

part two

Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate (LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis or direct lapor hours. At the beginning of the year it sumated that 30,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $587000 of fixed manufactunng overhead cost for the coming period and variable manufacturing overhead of $200 per direct labor-hour Harris's actual manufacturing overhead cost for the year was $705.058 and its actual total direct labor was 30.500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) tidlo 17 per OLH Exercise 2-2 (Algo) Apply Overhead Cost to Jobs (LO2-2] Luthan Company uses a plantwide predetermined overhead rate of $22.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $270,000 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $270,000 and 12,000 total direct labor-hours during the period Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period