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nlexa [21]
3 years ago
15

Tiger Furnishings produces two models of cabinets for home theater

Business
1 answer:
mihalych1998 [28]3 years ago
8 0

Answer:

211%

$34.9   per direct labor hour

Explanation:

As per the data given in the question,

Pre-determined overhead rate = Total overhead ÷ Direct labor cost

= $191,950 ÷ $90,600

= 211 % of Direct labor hour

Pre-determined overhead rate = Total overhead ÷ Direct labor hours

= $191,950 ÷ $5,500

= $34.9 per direct labor hour

We simply applied the above formulas to determine the value of predetermined overhead rate.

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a) making the assumptions upon which to project future performance

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Crane Corporation is projecting a cash balance of $33,900 in its December 31, 2019, balance sheet. Crane’s schedule of expected
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Giving the following information:

Crane Corporation is projecting a cash balance of $33,900 in its December 31, 2019, balance sheet. Crane’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $209,050. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $48,590. Other information gathered for the first quarter of 2020 is: sale of equipment $3,390; direct labor $79,100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. Crane wants to maintain a balance of at least $28,250 cash at the end of each quarter.

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