Question: This are the problems and they have to be solved in this format EXERCISE 3-1 Compute the Predetermined Overhead Rate [L03-1] Harris Fabrics computes its

This are the problems and they have to be solved in this format

This are the problems and they have to be solved in thisformat EXERCISE 3-1 Compute the Predetermined Overhead Rate [L03-1] Harris Fabrics computesits predetermined overhead rate annually on the basis of direct laborhours. Atthe beginning of the year, it estimated that 20,000 direct labor-hours would

EXERCISE 3-1 Compute the Predetermined Overhead Rate [L03-1] Harris Fabrics computes its predetermined overhead rate annually on the basis of direct laborhours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $123,900 and its actual total direct labor was 21,000 hours. Required: Compute the company's predetermined overhead rate for the year. EX 3-1 What are the estimated DL hours What is the fixed MFG OH What is the variable MGH What is the actual MFG OH What were the total DL Hours What is the base for MGHOH What is the predetermined rate? EXERCISE 3-2 Apply Overhead [L03-2] Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $257,400 of total manufacturing overhead for an estimated activity level of 11,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $249,000 and 10,800 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. EX 3-2 What is the predetermined OH Rate What was total estimated MFG OH What is the estimated activity level direct labor hours Actual MGF OH costs Actual direct labor hours What is the applied MGF OH

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