**Question 4.1:** Calculate the overhead rate based on the traditional overhead allocation method using direct labour hours as the base. **NOTE:** Enter only the number of dollars, do not enter the dollar, "$", symbol. Therefore if your answer is "$10", enter only "10".[Box for answer]---**Question 35**---**Question 4.2**Calculate the total overhead applied to order no. 159 using the traditional overhead rate calculated in question 4.1 above. **NOTE:** Enter only the number of dollars, do not enter the dollar, "$", symbol. Therefore if your answer is "$10", enter only "10".[Box for answer] Clear Solutions manufactures and installs standard and custom-designed shop windows. Last year, the company incurred $2,400,000 in overhead costs when a total of 30,000 direct labor hours were incurred. After implementing activity-based costing (ABC), the company's accountant identified the following related information:### Activity-Based Costing Table| Activity | Allocation Base | Proportion of Overhead Cost ||----------------------------|-------------------------------|-----------------------------|| Purchasing | Number of purchase orders | 20% || Material delivery and handling | Number of deliveries | 10% || Design | Hours of design time | 20% || Installation | Hours of installation time | 50% |### Number of Activities for Standard and Custom-Made Windows| | Standard | Custom ||------------------------------|-----------|---------|| Number of purchase orders | 1,000 | 1,400 || Number of deliveries | 200 | 400 || Hours of design time | 200 | 800 || Hours of installation time | 700 | 600 |### Order No. 159 DetailsDuring the past year, Clear Solutions accepted order no. 159 for one custom window installation that would require the following:- Direct labor hours: 20- Number of purchase orders: 3- Number of deliveries: 2- Hours of design time: 5- Hours of installation time: 4This implementation of activity-based costing allows Clear Solutions to allocate costs more accurately based on the specific activities involved in their window manufacturing and installation processes.

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Description: **Question 4.1:** Calculate the overhead rate based on the traditional overhead allocation method using direct labour hours as the base. **NOTE:** Enter only the number of dollars, do not enter the dollar, "$", symbol. Therefore if your answer is "$

Calculation of predetermined overhead rate based on Direct labour hours::: Predetermined overhead…

Business

Accounting

Calculate the overhead rate based on the traditional overhead allocation ethod using direct labour hours as the base. NOTE: Enter only the number of dollars, do not e e dollar, "$", symbol. Therefore if your answer is "$10", enter only "10". estion 35 iestion 4.2 ulate the total overhead applied to order no. 159 using the traditional overhead rate calcul estion 4.1 above. NOTE: Enter only the number of dollars, do not enter the dollar, "$" , sy efore if your answer is "$10", enter only "10".

Calculate the overhead rate based on the traditional overhead allocation ethod using direct labour hours as the base. NOTE: Enter only the number of dollars, do not e e dollar, "$", symbol. Therefore if your answer is "$10", enter only "10". estion 35 iestion 4.2 ulate the total overhead applied to order no. 159 using the traditional overhead rate calcul estion 4.1 above. NOTE: Enter only the number of dollars, do not enter the dollar, "$" , sy efore if your answer is "$10", enter only "10".

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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