I want the correct answer with accounting Stellar Electronics is establishing labor cost standards for its productiondepartment. The basic direct labor wage rate is $16.50 per hour. Employmenttaxes amount to 8.2% of the basic wage rate. The company provides fringebenefits valued at $4.25 per direct labor hour. The standard rate per directlabor-hour should be:a. $22.10b. $16.50c. $21.85d. $18.10

Step 1: Definition of Standard Rate Per Direct Labor-HourThe standard rate per direct labor-hour is…

Answered: Stellar Electronics is establishing…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1PB: Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
subject: general accounting
Daughdrill Corporation is developing direct labor standards. The basic direct labor wage rate is $10.95 per hour. Employment taxes are 9% of the basic wage rate. Fringe benefits are $4.00 per direct labor hour. The standard rate per direct labor-hour should be: a. $5.96 b. $4.99 c. $10.95 d. $15.94
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Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $770,000 and $500,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 17,000 hours and 5,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.) A. $29.41 per labor hour B. $1.54 per labor hour C. $154.00 per machine hour D. $100.00 per machine hour
Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $760,000 and $500,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 16,000 hours and 5,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.) OA. $1.52 per labor hour OB. $100.00 per machine hour OC. $152.00 per machine hour O D. $31.25 per labor hour
Compute the standard direct labor rate per hour
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.
Labor data for making one gallon of the finished product in Nien Company are as follows: 1. Price-hourly wage rate $13.80, payroll taxes $0.80, and fringe benefits $1.50. 2. Quantity-actual production time 1.1 hours, rest periods and clean up 0.30 hours, and set up and downtime 0.40 hours. Compute the following. a. Standard direct labor rate per hour. b. Standard direct labor hours per gallon. Standard labor cost per gallon.
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What is its standard manufacturing overhead rate per unit?
A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $8.00 per square foot, net of purchase discount. Freight−in amounts to $0.10 per square foot. Basic wages of the assembly line personnel are $12.00 per hour. Payroll taxes are approximately 24% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.) A. $14.88 B. $2.88 C. $12.00 D. $22.88

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