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2 years ago

How much overhead will be allocated during july to products with a direct labor of 5 hours?

Business

1 answer:

Digiron [165]2 years ago

5 0

Allocated overhead for july $227.20.

You must first determine the overhead allocation rate before you can allocate the overhead charges. To do this, divide the total overhead by the number of hours of direct labor.

Given;

Direct labor hours = 6100 hr

Wages of labor = $14.20/hr

Manufacturing overhead = $277,184

Duration of labor = 5 hr

Overhead allocation rate is given as

Allocation rate = manufacturing overhead/direct labor hour

Allocation rate = 277184/6100 = 45.44/direct labor hr

Allocated overhead for july = 5 X 45.44 = $227.20

Allocated overhead for july = $227.20

Learn more about the overhead allocation with the help of the given link:

brainly.com/question/17291924

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I understand that the question you are looking for is "Harms Shoe Company applies manufacturing overhead based on direct labor hours as the allocation volume. Information concerning manufacturing overhead and labor for July follows: Estimated direct labor 6,100 hours at $14.20 per hour Estimated manufacturing overhead $277,184. How much overhead will be allocated during July to products with a direct labor of 5 hours?"

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Answer:

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4 years ago

A forecast is defined as a(n) _________________________________. set of observations on a variable measured at successive points

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3 years ago

In which step of the troop leading procedures (tlps) does the unit consider roe/eof implications on the mission?

Ksivusya [100]

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3 years ago

On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated

finlep [7]

Answer:

The adjusting entry is:

Debit Depreciation Expense - Equipment $1,800

Credit Accumulated Depreciation - Equipment $1,800

To record depreciation expense.

Explanation:

The adjusting journal entry records the depreciation expense for the year and adds the expense to the accumulated depreciation account. The accumulated depreciation account is a contra account to the Equipment account. The purpose that this contra account serves is to keep the Equipment account at its cost value while the gradual write-off of its value is reflected in an opposite account.

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3 years ago

Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at

Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

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3 years ago