Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output 4.50 $ 563,213 59, 286 82,000 81,000 Required: 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. (Round your answer to the nearest whole dollar emount.) 2 Compute the amount of overhead that would be applied to the output of the pericd. (Round your Intermedlate calculations and final answer to the nearest whole dollar omount.)

Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output 4.50 $ 563,213 59, 286 82,000 81,000 Required: 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. (Round your answer to the nearest whole dollar emount.) 2 Compute the amount of overhead that would be applied to the output of the pericd. (Round your Intermedlate calculations and final answer to the nearest whole dollar omount.)

Name: Exercise 10A-3 (Algo) Applylng Overhead In a Standard CostIng System
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Description: Exercise 10A-3 (Algo) Applylng Overhead In a Standard CostIng System [LO10-4]Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hoursallowed for the actual output of the period.

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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