1Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56.1. What is the predetermined overhead rate for the year?2. Use the information on the following job cost sheet to determine the total cost of the job.Complete this question by entering your answers in the tabs below.DokntRequired 1 Required 2ntencesUsing the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearestdollar amount.)JOB COST SHEETCustomer's Name: Keiser Co.Job No: 13-56Job Description: 5 plasma monitors-61 inchDirect MaterialsOverheadTotal CostDateRequisition No.AmountCostsAppliedMar. 84-129$ 6,000 T-306$ 7,800Mar. 114-1427,350 T-432Mar. 184-1673,850 T-456447.000▬‒‒‒mNext >***********HOLDirect LaborTime-Ticket No.Amount$chPrev6501,3301,3000001 of 7GO

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Description: 1Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56.1. W

Total cost = Direct materials + direct labor + overhead applied Overhead is applied to the…

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Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000 of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET Customer's Name: Keiser Co. Job No: 13-56 Job Description: 5 plasma monitors-61 inch Direct Materials Overhead Total Cost Costs Date Requisition No. Amount Applied Mar 8 4-129 Direct Labor Time-Ticket No. 6.000 T 306 Amount 650

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000 of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET Customer's Name: Keiser Co. Job No: 13-56 Job Description: 5 plasma monitors-61 inch Direct Materials Overhead Total Cost Costs Date Requisition No. Amount Applied Mar 8 4-129 Direct Labor Time-Ticket No. 6.000 T 306 Amount 650

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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