Calculate the monthly fixed overhead using the high-low method. Given Data: Month Overhead Machine Hours Jan $8,500 2,200 Feb $7,800 1,800 Mar $9,200 2,500 Apr $8,900 2,300
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- Need answerIdentifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $209,000 + ($82 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Overhead cost Dependent variable v $209,000 Fixed cost (intercept) v $82 Variable rate (slope) Direct labor hours Independent variable v 2. If next month's budgeted direct labor hours equal 19,000, what is the budgeted overhead cost? 1,767,000 V 3. If next quarter's budgeted direct labor hours equal 95,000, what is the budgeted overhead cost? 4. If next year's budgeted direct labor hours equal 380,000, what is the budgeted overhead cost? $Crane Company estimates that annual manufacturing overhead costs will be $802,000. Estimated annual operating activity bases are direct labor cost $401,000, direct labor hours 40,100, and machine hours 180,200. Compute the predetermined overhead rate for the activity base. (Round answers to 2 decimal places.)
- Question: MOH cost A company's manufacturing overhead includes $7.10 per machine hour for variable manufacturing overhead and $207,000 per period for fixed manufacturing overhead. What is the predetermined overhead rate for the denominator level of activity of 4,600 machine hours?Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $150,000+ ($52 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Overhead cost $150,000 $52 Direct labor hoursA company expected its annual overhead costs to be $2700000 and direct labor costs to be $1500000. Actual overhead was $2650000, and actual labor costs totaled $1600000. How much is the company’s predetermined overhead rate to the nearest cent? $1.69 $1.80 $1.66 $1.77
