Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 44,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $558,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $773,491 and its actual total direct labor was 44,500 hours.

Required:

Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

Expert Solution

ekkarill92 answered 2 years ago

Mickley Company’s plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage...

Mickley Company’s plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials $ 280 Direct labor $ 120 Required: 1. What is the total manufacturing cost assigned to Job A-500? 1b. If Job A-500 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)

Mickley Company’s plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage...

Mickley Company’s plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials $ 210 Direct labor $ 60 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)

Luthan Company uses a plantwide predetermined overhead rate of $22.80 per direct labor-hour. This predetermined rate...

Luthan Company uses a plantwide predetermined overhead rate of $22.80 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $273,600 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $268,000 and 11,700 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. manufacturing overhead applied: ____________

Luthan Company uses a plantwide predetermined overhead rate of $23.90 per direct labor-hour. This predetermined rate...

Luthan Company uses a plantwide predetermined overhead rate of $23.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $286,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $268,000 and 11,800 total direct labor-hours during the period. Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.

Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $393,030. At the end of the year, actual direct labor-hours for the year were 21,200 hours, manufacturing overhead for the year was underapplied by $21,100, and the actual manufacturing overhead was $384,280. The predetermined overhead rate for the year must have been closest to: $18.13 per direct labor-hour $17.13 per direct labor-hour $18.54 per direct labor-hour $17.54 per...

11) Brand Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the...

11) Brand Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,860 hours and the total estimated manufacturing overhead was $511,524. At the end of the year, actual direct labor-hours for the year were 21,650 hours and the actual manufacturing overhead for the year was $511,524. Overhead at the end of the year was: Multiple Choice Top of Form $4,964 overapplied $4,964 underapplied $4,914 underapplied $4,914 overapplied 12) Weatherhead...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,800 hours and the total estimated manufacturing overhead was $497,040. At the end of the year, actual direct labor-hours for the year were 21,500 hours and the actual manufacturing overhead for the year was $492,040. Overhead at the end of the year was: (Do not round your intermediate calculations.) A) $6,840 overapplied B) $6,840 underapplied C) $1,840 underapplied D)...

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,700 hours. At the end of the year, actual direct labor-hours for the year were 21,500 hours, the actual manufacturing overhead for the year was $557,740, and manufacturing overhead for the year was underapplied by $24,540. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: $552,520. $583,366. $533,200. $562,960.

MAnufacturing overhead is applied on the basis of direct labor hours. The direct labor hours for...

MAnufacturing overhead is applied on the basis of direct labor hours. The direct labor hours for the period are 500 and the estimated manufacturing overhead is 2000. actual direct labor hours were 160 and actual overhead was 1000. Compute the manufacturing overhead applied during this period.

Overhead is applied on the basis of direct labor hours. Three direct labor hours are required...

Overhead is applied on the basis of direct labor hours. Three direct labor hours are required for each product unit. Planned production for the period was set at 8,000 units. Manufacturing overhead for the period is budgeted at $204,000, of which 30 percent is fixed. The 26,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $220,500. Required: a. Calculate the overhead spending variance: b. Calculate the overhead efficiency variance: c. Calculate the...

Question