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nikdorinn [45]
3 years ago
7

The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees are expected to ea

rn $5.00 per hour and the company is planning on paying its employees $100,000 during the year. However, only 75% of the employees are classified as "direct labor."
1. What was the estimated manufacturing overhead for 2020?
Business
1 answer:
timofeeve [1]3 years ago
3 0

Answer:

$60,000

Explanation:

The computation of the estimated manufacturing overhead is shown below:

Estimated manufacturing overhead = Direct labor hours × predetermined overhead rate

where,

Direct labor hours = Total Direct labor cost ÷ Cost per hour

                              = ($100,000 × 75%) ÷ ($5)

                              = 15,000 direct labor hours

Now the estimated manufacturing overhead equal to

= 15,000 direct labor hours × $4

= $60,000

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2 years ago
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Zarrin [17]

Answer:

lending of depositor's funds

3 0
3 years ago
Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software
Whitepunk [10]

Answer:

Tech Solutions

1. The predetermined overhead rate is:

= $6

2. The total job cost for the Xavier Company engagement is:

= $79,470

Explanation:

a) Data and Calculations:

Estimated direct labor-hours for the year = 55,000

Estimated fixed overhead cost = $302,500

Estimated variable overhead cost ($0.50 per DLH) = $27,500

Total overhead costs = $330,000 ($27,500 + $302,500)

Actual overhead cost for the year = $321,300

Actual total direct labor-hours = 58,850

Predetermined overhead rate = $6 ($330,000/55,000)

Xavier Company's Job:

Direct materials $ 50,850

Direct labor cost $ 27,300

Direct labor hours worked 220

Applied overhead = $1,320 ($6 * 220)

Total job cost = $79,470

6 0
2 years ago
The following costs are included in a recent summary of data for a company: advertising expense, $85,000; depreciation expense -
vladimir1956 [14]

Answer:

Conversion costs= $488,000

Explanation:

Giving the following information:

depreciation expense - factory building, $133,000

direct labor, $250,000

factory utilities, $105,000

<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>

<u></u>

Manufacturing overhead= 133,000 + 105,000= 238,000

Direct labor= 250,000

Conversion costs= $488,000

7 0
3 years ago
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Answer:

Please refer the reason in detail below

Explanation:

For state and local government entities, additional standards are promulgated by the Governmental Accounting Standards Board ("GASB") and for the federal government, additional standards are promulgated by the Federal Accounting Standards Advisory Board ("FASAB").

GASB considers budgetary comparisons as an important part of the basic financial statements and financial reporting and therefore include budgetary comparisons in their concept statements

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