Chapter 16, Problem 11P

A company's prime costs total $5,300,000 and its conversion costs total $9,300,000. If direct materials are $2,150,000 and factory overhead is $6,150,000, then direct labor is:

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Marquis Company estimates that annual manufacturing overhead costs will be $975,600. Estimated annual operating activity bases are direct labor costs of $567,000, direct labor hours 45,700, and machine hours 99,400. Compute the predetermined overhead rate for each activity base. a. Overhead rate per direct labor cost. b. Overhead rate per direct labor hour. c. Overhead rate per machine hour.

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Accounting 12

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Zinski Co. paid $150,000 for a purchase that included land, building, and office furniture. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Land, $20,000, Building, $150,000, and Office furniture, $30,000. Based on this information the cost that would be allocated to the land is_____.