! Required information [The following information applies to the questions displayed below.] The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour Actual direct-labor cost: 80,000 hours at $17.50 per hour Budgeted manufacturing overhead: $997,500 Actual selling and administrative expenses: $430,000 Actual manufacturing overhead: Depreciation Property taxes Indirect labor Supervisory salaries. Utilities Insurance Rental of space Indirect material (see data below) Indirect material: Beginning inventory, January 1 Purchases during the year Ending inventory, December 31 Predetermined overhead rate $ 233,000 22,000 80,000 200,000 58,000 31,000 302,000 80,000 Required: 1. Compute the firm's predetermined overhead rate, which is based on direct-labor hours. Note: Round your answer to 2 decimal places. per DLH 49,000 94,000 63,000
! Required information [The following information applies to the questions displayed below.] The following information pertains to Trenton Glass Works for the year just ended. Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour Actual direct-labor cost: 80,000 hours at $17.50 per hour Budgeted manufacturing overhead: $997,500 Actual selling and administrative expenses: $430,000 Actual manufacturing overhead: Depreciation Property taxes Indirect labor Supervisory salaries. Utilities Insurance Rental of space Indirect material (see data below) Indirect material: Beginning inventory, January 1 Purchases during the year Ending inventory, December 31 Predetermined overhead rate $ 233,000 22,000 80,000 200,000 58,000 31,000 302,000 80,000 Required: 1. Compute the firm's predetermined overhead rate, which is based on direct-labor hours. Note: Round your answer to 2 decimal places. per DLH 49,000 94,000 63,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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please answer do not image .
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Required information
[The following information applies to the questions displayed below.]
The following information pertains to Trenton Glass Works for the year just ended.
Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour
Actual direct-labor cost: 80,000 hours at $17.50 per hour
Budgeted manufacturing overhead: $997,500
Actual selling and administrative expenses: $430,000
Actual manufacturing overhead:
Depreciation
Property taxes
Indirect labor
Supervisory salaries.
Utilities
Insurance:
Rental of space
Indirect material (see data below)
Indirect material:
Beginning inventory, January 1
Purchases during the year
Ending inventory, December 31
Predetermined overhead rate
$ 233,000
22,000
80,000
200,000
per DLH
58,000
31,000
302,000
80,000
Required:
1. Compute the firm's predetermined overhead rate, which is based on direct-labor hours.
Note: Round your answer to 2 decimal places.
49,000
94,000
63,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4919c674-3453-4a4a-9801-20e6bddf35e7%2F7f7ca432-1593-4b4e-a934-202bbbac8767%2Fiq0omd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
The following information pertains to Trenton Glass Works for the year just ended.
Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour
Actual direct-labor cost: 80,000 hours at $17.50 per hour
Budgeted manufacturing overhead: $997,500
Actual selling and administrative expenses: $430,000
Actual manufacturing overhead:
Depreciation
Property taxes
Indirect labor
Supervisory salaries.
Utilities
Insurance:
Rental of space
Indirect material (see data below)
Indirect material:
Beginning inventory, January 1
Purchases during the year
Ending inventory, December 31
Predetermined overhead rate
$ 233,000
22,000
80,000
200,000
per DLH
58,000
31,000
302,000
80,000
Required:
1. Compute the firm's predetermined overhead rate, which is based on direct-labor hours.
Note: Round your answer to 2 decimal places.
49,000
94,000
63,000
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