The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and reported the following results: = $ 39.61 Slope Intercept = $572.37 Correlation coefficient = 0.896 What is the estimated overhead cost if 204 direct labor hours are expected to be used in the upcoming period? (rounded to the nearest whole dollar) $8,593. $10,354. $8,080. $8,653.

The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and reported the following results: = $ 39.61 Slope Intercept = $572.37 Correlation coefficient = 0.896 What is the estimated overhead cost if 204 direct labor hours are expected to be used in the upcoming period? (rounded to the nearest whole dollar) $8,593. $10,354. $8,080. $8,653.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 23Q: If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of...

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Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?
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