The LLO-95174 company uses a job-order costing system with direct labor hours as its allocation base. The company estimates its manufacturing overhead cost for the year to be $726,725. During the year, actual direct labor-hours were 36,230 hours, the actual manufacturing overhead cost was $710,000, and manufacturing overhead was overapplied by $32,715. How much was the LLO-95174 company's estimated direct labor-hours used in the calculation of its predetermined overhead rate? (Round your intermediate calculations to 2 decimal places.) Multiple Choice 35,450 direct labor-hours 36,230 direct labor-hours 33,038 direct labor-hours 34,634 direct labor-hours
The LLO-95174 company uses a job-order costing system with direct labor hours as its allocation base. The company estimates its manufacturing overhead cost for the year to be $726,725. During the year, actual direct labor-hours were 36,230 hours, the actual manufacturing overhead cost was $710,000, and manufacturing overhead was overapplied by $32,715. How much was the LLO-95174 company's estimated direct labor-hours used in the calculation of its predetermined overhead rate? (Round your intermediate calculations to 2 decimal places.) Multiple Choice 35,450 direct labor-hours 36,230 direct labor-hours 33,038 direct labor-hours 34,634 direct labor-hours
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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