Overhead rate per direct labor cost? Ridd Industries estimates that annual manufacturingoverhead costs will be $920,400. Estimated annual operatingactivity bases are direct labor costs of $530,000, direct laborhours of 53,000, and machine hours of 105,000.Compute the predetermined overhead rate for each activitybase:a. Overhead rate per direct labor costb. Overhead rate per direct labor hourc. Overhead rate per machine hour

Explanation of Manufacturing Overhead: Manufacturing overhead represents all manufacturing costs…

Answered: Ridd Industries estimates that annual…

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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Marquis Company estimates that annual manufacturing overhead costs will be $920,000. Estimated annual operating activity bases are direct labor cost $487,000, direct labor hours 44,000, and machine hours 101,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50.) Dverhead rate per direct labor cost Overhead rate per direct labor hour Overhead rate per machine hour
Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases are direct labor cost $500,000, direct labor hours 50,000, and machine hours 100,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, eg. 10.50% or 10.50.) A Overhead rate per direct labor cost Overhead rate per direct labor hour Overhead rate per machine hour LA %
Cullumber Company estimates that annual manufacturing overhead costs will be $ 1,166,000. Estimated annual operating activity bases are direct labor cost $530,000, direct labor hours 53,000, and machine hours 106,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour Overhead rate per machine hour $
Crane Company estimates that annual manufacturing overhead costs will be $802,000. Estimated annual operating activity bases are direct labor cost $401,000, direct labor hours 40,100, and machine hours 180,200. Compute the predetermined overhead rate for the activity base. (Round answers to 2 decimal places.)
Cavy Company estimates that total factory overhead costs will be $1,039,500 for the year. Direct labor hours are estimated to be 110,000.
please solve for overhead rate per direct labor cost, overhead rate per direct labor hour, and overhead rate per machine hour
Sheridan Company estimates that annual manufacturing overhead costs will be $860,720. Estimated annual operating activity bases are direct labor cost $406,000, direct labor hours 40,600, and machine hours 81,200.Compute the predetermined overhead rate for each activity base.
Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to $900,000 and $700,000, respectively. Aaron allocates overhead costs based on labor hours. the estimated total labor hours and machine hours for the coming year are 16,000 hours and 10,000 hours, respectively., What's the predetermined overhead allocation rate?
Jones Company has the following information: Total estimated manufacturing $200,000 overhead costs Total estimated direct labor costs 800,000 Actual direct labor costs 50,000 Actual manufacturing overhead 210,000 costs What is the predetermined overhead allocation rate based on direct labor costs as a single plantwide rate?
If annual overhead costs are expected to be $ 784000 and direct labor costs are expected to be $ 1000000, then if the activity base is direct labor costs: a. a predetermined overhead rate cannot be determined. b. for every dollar of manufacturing overhead, 1.28 cents of direct labor will be assigned. c. for every dollar of direct labor, 78.4 cents of manufacturing overhead will be assigned. d. $ 1.28 is the predetermined overhead rate.
Cullumber Company estimates that annual manufacturing overhead costs will be $768,000. Estimated annual operating activity bases are: direct labor cost $588,800, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $769,280 and the actual direct labor cost for the year was $583,680. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Cullumber applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round predetermined overhead rate to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 1,525.) Predetermined overhead rate $ Manufacturing overhead applied $ $ per direct labor hour

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