At the beginning of the year, Yancey made the following estimates: Direct labor-dollars to support all productions Fixed overhead cost Variable overhead cost per direct labor-dollar Required: 1. Compute the predetermined overhead rate. 2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs: Direct materials Direct labor cost $ 1,314,000 $ 2,652,000 Compute the total job cost for this particular film. Complete this question by entering your answers in Direct materials Direct labor Overhead applied Total job cost Required 1 Required 2 Compute the total job cost for this particular film. Note: Round your intermediate calculations to 2 decimal places. < Required 1 $8,840,000 $5,304,000 $0.12 tabs given below. Required 2

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the beginning of the year, Yancey made the following estimates:
Direct labor-dollars to support all productions
Fixed overhead cost
Variable overhead cost per direct labor-dollar
Required:
1. Compute the predetermined overhead rate.
2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs:
Direct materials
Direct labor cost
Compute the total job cost for this particular film.
$ 1,314,000
$ 2,652,000
Required 1 Required 2
Complete this question by entering your answers in the tabs given below.
Compute the total job cost for this particular film.
Note: Round your intermediate calculations to 2 decimal places.
Direct materials
Direct labor
Overhead applied
Total job cost
$ 8,840,000
$ 5,304,000
$0.12
< Required 1
Required 2 >
Transcribed Image Text:At the beginning of the year, Yancey made the following estimates: Direct labor-dollars to support all productions Fixed overhead cost Variable overhead cost per direct labor-dollar Required: 1. Compute the predetermined overhead rate. 2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs: Direct materials Direct labor cost Compute the total job cost for this particular film. $ 1,314,000 $ 2,652,000 Required 1 Required 2 Complete this question by entering your answers in the tabs given below. Compute the total job cost for this particular film. Note: Round your intermediate calculations to 2 decimal places. Direct materials Direct labor Overhead applied Total job cost $ 8,840,000 $ 5,304,000 $0.12 < Required 1 Required 2 >
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