Hi expart give correct solution Exotic Engine Shop uses a job order cost system to determine the cost of performingengine repair work. Estimated costs and expenses for the coming period are asfollows:Engine parts$822,000Shop direct labor600,000Shop and repair equipment depreciation30,200Shop supervisor salaries83,900Shop property taxes15,200Shop supplies11,700Advertising expense16,400Administrative office salaries70,700Administrative office depreciation expense 9,000Total costs and expenses$1,659,100The average shop direct labor rate is $20 per hour.Determine the predetermined shop overhead rate per direct labor hour.

Step 1: Introduction to the Job Order Costing SystemJob order costing system is followed by those…

Answered: Exotic Engine Shop uses a job order…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 10E: Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair...

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Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)
Source Documents For each of the following independent situations, give the source document that would be referred to for the necessary information. Required: 1. Direct materials costing 460 are requisitioned for use on a job. 2. Greiners Garage uses a job-order costing system. Overhead is applied to jobs based on direct labor hours. Which source document gives the number of direct labor hours worked on Job 2004-276? 3. Pasilla Investigative Services bills clients on a monthly basis for costs to date. Job 3-48 involved an investigator following the clients business partner for a week by automobile. Mileage is billed at number of miles times 0.75. 4. The foreman on the Jackson job wonders what the actual direct materials cost was for that job.
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $989,100 Shop direct labor 722,000 Shop and repair equipment depreciation 39,800 Shop supervisor salaries 110,800 Shop property taxes 20,100 Shop supplies 15,500 Advertising expense 19,800 Administrative office salaries 85,100 Administrative office depreciation expense 10,900 Total costs and expenses $2,013,100 The average shop direct labor rate is $19.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.$fill in the blank 1 per direct labor hour
Road Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $1,067,200 Shop direct labor 779,000 Shop and repair equipment depreciation 72,800 Shop supervisor salaries 202,500 Shop property taxes 36,800 Shop supplies 28,200 Advertising expense 21,300 Administrative office salaries 91,800 Administrative office depreciation expense 11,700 Total costs and expenses $2,311,300 The average shop direct labor rate is $19 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.$fill in the blank 1 per direct labor hour
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $712,400 Shop direct labor 520,000 Shop and repair equipment depreciation 31,200 Shop supervisor salaries 86,600 Shop property taxes 15,700 Shop supplies 12,100 Advertising expense 14,200 Administrative office salaries 61,300 Administrative office depreciation expense 7,800 Total costs and expenses $1,461,300 The average shop direct labor rate is $20.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.
Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows:Engine parts $ 740,000Shop direct labor 500,000Shop and repair equipment depreciation 40,000Shop supervisor salaries 133,000Shop property taxes 22,000Shop supplies 10,000Advertising expense 20,000Administrative office salaries 71,400Administrative office depreciation expense 6,000Total costs and expenses $1,542,400The average shop direct labor rate is $20 per hour.Determine the predetermined shop overhead rate per direct labor…
Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $885,000 Shop direct labor 646,000 Shop and repair equipment depreciation 60,400 Shop supervisor salaries 167,900 Shop property taxes 30,500 Shop supplies 23,400 Advertising expense 17,700 Administrative office salaries 76,100 Administrative office depreciation expense 9,700 Total costs and expenses $1,916,700 The average shop direct labor rate is $19 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent: $________ per direct labor hour
Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $901,500 Shop direct labor 658,000 Shop and repair equipment depreciation 70,400 Shop supervisor salaries 195,800 Shop property taxes 35,500 Shop supplies 27,300 Advertising expense 18,000 Administrative office salaries 77,500 Administrative office depreciation expense 9,900 Total Cost and Expenses $1,993,900 The average shop direct labor rate is $14 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.$fill in the blank 1 per direct labor hour
Exotic Engine Shop uses a job order cost system to determine the cost ofperforming engine repair work. Estimated costs and expenses for thecoming period are as follows: Engine partsShop direct laborShop and repair equipment depreciationShop supervisor salariesShop property taxesShop suppliesAdvertising expenseAdministrative office salariesAdministrative office depreciation expenseTotal costs and expenses $ 380,0001,872,00062,500240,00036,94010,00028,000150,0008,000$2,787,440 The average shop direct labor rate is $37.50 per hour.Determine the predetermined shop overhead rate per direct labor hour.
Solve this accounting issue
Road Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $810,000 Shop direct labor 770,000 Shop and repair equipment depreciation 64,000 Shop supervisor salaries 212,000 Shop property taxes 35,000 Shop supplies 18,000 Advertising expense 44,000 Administrative office salaries 73,400 Administrative office depreciation expense 12,000 Total costs and expenses $2,038,000 The average shop direct labor rate is $22 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.
Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes Shop supplies $953,500 696,000 31,700 88,000 16,000 12,200 Advertising expense 19,100 Administrative office salaries 82,000 Administrative office depreciation expense 10,500 Total costs and expenses $1,909,000 The average shop direct labor rate is $24.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. $ per direct labor hour

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