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3 years ago

Compute various manufacturing overhead rates.

Business

1 answer:

n200080 [17]3 years ago

7 0

Answer:

1. $28 per direct labor hour

2. 140%

3. $35 per machine hour

Explanation:

Given that,

Total manufacturing overhead costs next year = $1,400,000

Direct labor hours used = 50,000

Direct labor cost next year = $1,000,000

Machines are expected to be run = 40,000 hours

1. Manufacturing overhead rate:

= Total manufacturing overhead cost ÷ Direct labor hours used

= $1,400,000 ÷ 50,000

= $28 per direct labor hour

2. Manufacturing overhead rate:

= (Total manufacturing overhead cost ÷ Direct labor cost) × 100

= ($1,400,000 ÷ $1,000,000) × 100

= 140%

3. Manufacturing overhead rate:

= Total manufacturing overhead cost ÷ Machine hours

= $1,400,000 ÷ 40,000

= $35 per machine hour

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1 year ago

Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000

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Answer:

e.$8,000 of fixed costs and $108,000 of variable costs.

Explanation:

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$C =\frac{\$90,000}{15,000}\\C=\$6/unit$

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3 years ago

Inventory records for Marvin Company revealed the following:

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2 years ago

You will receive annual payments of $800 at the end of each year for 12 years. The first payment will be received in Year 3. Wha

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Answer:

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Data provided in the question:

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2 years ago

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Answer:

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3 years ago