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babunello [35]
1 year ago
12

north company budgets overhead costs for the next year of $5,240,000 for indirect labor and $550,000 for factory utilities. the

company uses machine hours as its overhead allocation base. if 150,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
Business
1 answer:
grin007 [14]1 year ago
8 0

The company's plantwide overhead rate is calculated to be $38.60 per machine hour.

The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;

plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours

plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000

plantwide overhead rate = 5,790,000 ÷ 150,000

plantwide overhead rate = 38.60

Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.

To learn more about overhead rate, click here:

brainly.com/question/24130597

#SPJ4

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Unitary cost= $62.5

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Giving the following information:

Predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours.

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sarah reports to work and clocks in at 8:00 a.m. each morning and leaves at approximately 4:30 p.m. all of her tools and supplie
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As Sarah reports to work and clocks in at 8:00 a.m. each morning and leaves at approximately 4:30 p.m she is most likely considered as an employee of the company.

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Answer:

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