Ans Fatima Engine Shop uses a job order cost system to determine the cost ofperforming engine repair work. Estimated costs and expenses for the comingperiod are as follows:Engine partsShop direct labor$822,000600,000Shop and repair equipment depreciation $42,200Shop supervisor salariesShop property taxesShop suppliesAdvertising expense$85,400$17,200$13,40016,40070,700Administrative office salariesAdministrative office depreciation expense 9,000The average shop direct labor rate is $31.50 per hour.Determine the predetermined shop overhead rate per direct labor hour.

Concept of Job Order CostingJob order costing is a cost accounting method used to track expenses…

Answered: Fatima 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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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.
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
repair work. Estimated costs and expenses for the coming period are as follows: uses a job order cost system to determine the cost of performing Engine parts Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes Shop supplies Advertising expense $ 740,000 500,000 40,000 133,000 22,000 10,000 20,000 Administrative office salaries 71,400 Administrative office depreciation expense Total costs and expenses 6,000 $1,542,400 The average shop direct labor rate is $20 per hour. Determine the predetermined shop overhead rate per direct labor hour. EX 19-10 Predetermined factory overhead rate OBJ. 2 Poehling Medical Center has a single operating room that is used by local physicians to patient procedure and includes the direct materials costs (drugs and medical devices), r hour perform surgical procedures. The cost of using the operating room is accumulated by each physician surgical time, and operating room overhead. On January 1 of the current…
Solve this accounting issue
Determined the predetermined shop overhead rate
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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Predetermined Factory Overhead Rate Novus 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 $652,100 476,000 48,700 135,500 24,600 19,000 13,000 56,100 7,200 Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $14 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round your answer to the nearest cent. per direct labor hour $1,432,200
Predetermined Factory Overhead Rate 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 Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes Shop supplies Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $22 per hour. $1,054,900 770,000 39,700 110,400 20,000 15,400 21,100 90,700 11,600 $2,133,800 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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Predetermined Factory Overhead Rate Turbo Shop uses job order costing to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $676,800 494,000 Shop direct labor Shop and repair equipment depreciation 43,400 Shop supervisor salaries 120,700 Shop property taxes 21,900 Shop supplies 16,800 13,500 58,200 7,400 Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses 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. per direct labor hour $ $1,452,700

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