Wymont Company produces a single product that requires a large amount of labor t

Question

Wymont Company produces a single product that requires a large amount of labor time. Overhead cost is applied on the basis of standard direct labor-hours. Variable manufacturing overhead should be $2.00 per standard direct labor-hour and fixed manufacturing overhead should be $180,000 per year.

     The company

Wymont Company produces a single product that requires a large amount of labor time. Overhead cost is applied on the basis of standard direct labor-hours. Variable manufacturing overhead should be $2.00 per standard direct labor-hour and fixed manufacturing overhead should be $180,000 per year.

Explanation / Answer

1 Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed components.(Omit the "$" sign in your response.) Predetermined overhead rate $8.00 per DLH Variable rate $2.00 per DLH Fixed rate $6.00 per DLH 2 Compute thestandard cost card for the company

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