Question: solve correct with steps and show full work thanks Cullumber Company is a manufacturer with a scal year that runs from July 1 toJune 30.
solve correct with steps and show full work thanks




Cullumber Company is a manufacturer with a scal year that runs from July 1 toJune 30. The company uses a normal iob~order cost accounting system for its production costs. It uses a predetermined overhead rate based on direct labour hours to apply overhead to individual jobs. It prepared three budgets of overhead costs for the 2022 scal year as follows: Direct labour hours 125,000 150.000 175.000 Variable overhead costs $406,250 $437,500 $563,750 Fixed overhead costs 270.000 262.500 270,000 Total overhead $676,250 $?50.000 $838,750 Although the annual ideal capacity is 137,500 direct labour hours. compa nv ofcials have determined that 150,000 direct labour hours represent the normal capacity for the year. The following information is for November 2022 when Jobs I'd-50 and X-51 were completed: Inventories, November 1 Raw materials and supplies $13,125 Work in process [Job X-SDII 62,500 Finished goods 140,625 Purchases of raw materials and supplies Raw materials $168350 \fFactory equipment costs Power $5,000 Repairs and maintenance 1.875 Depreciation 1,875 Other 1,250 $10,000 (3) Calculate the predetermined rate to be used to apply overhead to individual jobs during the scal year. {Roundanswer to 2 decimai places, 8.3. 52.75.) Predetermined overhead rate $ per labour hour Calculate the predetermined rate to be used to apply overhead to individual jobs during the scal year. {Round answer to 2 decimal places, e3. 52. 75. J Predetermined overhead rate $ per labour hour
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