A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $96,443 and the cost drivers for Product 1 is 200 and 500 for Product 2. The assembling activity pool has estimated costs of $69,074 and the cost drivers for Product 1 is 350 and 275 for Product 2. Direct labor hours for Product 1 is 353 and 231 for Product 2. What is the total manufacturing overhead rate to be used under traditional cost accounting? Round your final answer to the nearest whole dollar and do not write a dollar sign.
A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $96,443 and the cost drivers for Product 1 is 200 and 500 for Product 2. The assembling activity pool has estimated costs of $69,074 and the cost drivers for Product 1 is 350 and 275 for Product 2. Direct labor hours for Product 1 is 353 and 231 for Product 2. What is the total manufacturing overhead rate to be used under traditional cost accounting? Round your final answer to the nearest whole dollar and do not write a dollar sign.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $96,443 and the cost drivers for Product 1 is 200 and 500 for Product 2. The assembling activity pool has estimated costs of $69,074 and the cost drivers for Product 1 is 350 and 275 for Product 2. Direct labor hours for Product 1 is 353 and 231 for Product 2. What is the total manufacturing
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Total Manufacturing Overhead Rate = Total Overhead Cost / Total Direct Labor Hours
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