Question: Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $708,000 of overhead costs and $590,000 of direct

 Shire Computer's predetermined overhead rate is based on direct labor cost.

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $708,000 of overhead costs and $590,000 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 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 COST SHEET Customer's Name: Keiser Co. Job No: 13-56 Job Description: 5 plasma monitors-61 inch Direct Materials Overhead Total Cost Costs Date Requisition No. Amount Applied Mar. 8 4-129 Mar. 11 4-142 Mar. 18 4-167 EA $ Direct Labor K HER O E Time-Ticket No. 6,000 T-306 6,550 T-432 3,250 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!