1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
6

In December 2014, Shire Computer’s management establishes the 2015 predetermined overhead rate based on direct labor cost. The i

nformation used in setting this rate includes estimates that the company will incur $747,500 of overhead costs and $575,000 of direct labor cost in year 2015. During March 2015, Shire began and completed Job No. 13-56. 1. What is the predetermined overhead rate for year 2015?
Business
1 answer:
belka [17]3 years ago
7 0

Answer:

Estimated manufacturing overhead rate= $1.3 per direct labor dollar.

Explanation:

Giving the following information:

Estimated overhead cost= $747,500

Estimated direct labor cost= $575,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 747,500/575,000= $1.3 per direct labor dollar.

You might be interested in
In pure competition, producers compete exclusively on the basis of
erastova [34]
<span>In pure competition, producers compete exclusively on the basis of p</span>roduct features.
3 0
3 years ago
Read 2 more answers
What should you do 10 to 15 minutes before a webinar begins?
goblinko [34]
Go to the bathroom, get a glass of water and review you topics.
8 0
3 years ago
what tax software program do you feel would be your best choice today and why do you think it is the best? ​
Fynjy0 [20]

Answer:

Turbotax

Explanation:

it's easy to use especially for first timers.

6 0
2 years ago
Ted is a quality control manager at Greenwoods Cement Inc. Any time a problem arises and a decision needs to be made, he believe
denis-greek [22]

Answer:

D) Facilitative

Explanation:

Facilitative style: In management, the term "facilitative decision-making style" is described as one of the different decision making styles that indicates a specific joint effort between subordinates and leaders and they are both are providing an input in order to make a "shared decision". Along with this, they also possess some degree or extent of expertise or/and motivation that is responsible for ensuring an effective decision is being made.

In the question above, the given statement represents a facilitative decision-making style.

4 0
3 years ago
What are the main purposes of a budget?
disa [49]
In the context of business management, the purpose of budgeting includes the following three aspects:

•A forecast of income and expenditure (and thereby profitability)

•A tool for decision making

•A means to monitor business performance
7 0
3 years ago
Read 2 more answers
Other questions:
  • Highland Industries makes custom yachts using a job cost accounting system. In anticipation of a busy year for 2019, Highland’s
    13·1 answer
  • A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife h
    9·1 answer
  • Carlos transfers property with a tax basis of $965 and a fair market value of $1,135 to a corporation in exchange for stock with
    14·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • The load rating limit can be exceeed in which of the following circumstances?
    12·1 answer
  • COST OF PRODUCTION (5 pts each for a total of 25 pts) a. What is the relationship between the marginal cost of production and av
    8·1 answer
  • Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will
    14·1 answer
  • True or false: Stockholders do not have the power to bind the corporation to contracts. This is referred to as lack of mutual ag
    5·1 answer
  • In the short run, average total costs and average variable costs converge as output increases because:________
    6·1 answer
  • If $1,000 of additional spending occurs and the marginal propensity to consume is 0.8, the total effect on the economy is an inc
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!