help me to solve this questions Crescendo Instruments, a manufacturer of musical equipment, uses a budgetedfactory overhead rate to apply overhead to production.ItemBudgeted factory overheadBudgeted direct labor costActual direct labor costBudgeted machine hoursAmount ($)$800,000$500,000$540,00025,000If the company uses estimated direct labor costs as its activity base, what is theoverhead application rate?a. $1.75 per dollar of direct labor costb. $1.60 per dollar of direct labor costc. $1.50 per dollar of direct labor costd. $1.80 per dollar of direct labor cost

We calculate the overhead application rate using the formula:Overhead Application Rate=Budgeted…

Answered: Crescendo Instruments, a manufacturer…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EA: Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...

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Angle Max Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor hours Machine hours Overhead costs Multiple Choice Assume that the Assembly Department allocates overhead using a plantwide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 2 direct labor hour and 3.30 machine hours in the Assembly Department, and 4.50 direct labor hours and 0.4 machine hours in the Finishing Department? O$17.60. Assembly 180,000 DLH 380,000 MH $380,000 $20.40. Finishing 148,000 DLH 91, 200 MH $562, 400
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The predetermined overhead rate per direct labor hour to be used to apply total overhead to individual jobs next year is: P3.70 P3.88 P3.36 P3.50
How many machine hours does the company expect in department 2 ?
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HH Electric reports the following information. Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. c. What price should the company quote for a job requiring four direct labor hours and $600 in materials? a. Time charge per hour of direct labor b. Materials markup c. Time and materials price $ 45 per DLH $ 25 per DLH 5% of direct materials cost 20% %
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