uh Lawren Fir https:/ re-Built Problems Chapter 19 Pre-Built Pr? X ino Co.\'s Ma

Question

uh Lawren Fir https:/ re-Built Problems Chapter 19 Pre-Built Pr? X ino Co.'s March 31 Ir+ ? Help Save & In December 2016, Shire Computer's management establishes the 2017 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost in year 2017. During March 2017, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for 2017? 2. Using the information on the following job cost sheet, determine the total cost of the job. Required 1 Required 2 using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET: Job No. 13.56

Explanation / Answer

1. Predetermined overhead rate = Estimated overhead costs/Estimated direct labor cost = $754000/$580000 = 130% of direct labor cost

2.

JOB COST SHEET: Job No. 13-56 Direct Materials Direct Labor Overhead Total Cost Date Requisition No. Amount Time-Ticket No. Amount Costs Applied Mar. 8 4-129 $ 6,000 T-306 $ 700 $ 910 Mar. 11 4-142 6,950 T-432 1,330 1,729 Mar. 18 4-167 3,550 T-456 1,270 1,651 $16,500 $3,300 $4,290 $   24,090

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.