In December 2014, Shine Computer's management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $852,500 of overhead costs and $550,000 of direct labor cost in year 2015. During March 2015, Shine began and completed Job No. 13-56. What is the predetemined overhead rate for year 2015?

In December 2014, Shine Computer's management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $852,500 of overhead costs and $550,000 of direct labor cost in year 2015. During March 2015, Shine began and completed Job No. 13-56. What is the predetemined overhead rate for year 2015?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...

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