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erma4kov [3.2K]
3 years ago
7

Jones Company applies overhead based on direct labor hours. At beginning of the year, Jones estimates overhead to be $480,000, m

achine hours to be 120,000, and direct labor hours to be 80,000. During January, Jones has 6,700 direct labor hours and 11,000 machine hours. What is the predetermined overhead rate?
a. $6 per direct labor hour
b. $40.200
C.$4 per machine hour
d.$44,000
e. none of these 10.
Business
2 answers:
const2013 [10]3 years ago
5 0

Answer:

The predetermined overhead rate is a. $6 per direct labor hour

Explanation:

Overheads are included in the Product cost at Budgeted Rate multiplied by Actual Activity. This is normally known as application of Manufacturing Overhead.

Budgeted Rate is also known as Predetermined Overheads rate and is calculated as follows:

<em>Total Budgeted Overhead Cost / Total Budgeted Activity</em>

Note that Jones Company applies overhead based on direct labor hours. Thus the Budgeted Activity is Estimated direct labor hours

Thus Predetermined Overheads rate = $480,000/ 80,000

                                                              = $ 6 per direct labor hour

Ostrovityanka [42]3 years ago
3 0

Answer:

a. $6 per direct labor hour

Explanation:

Predetermined overhead rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.

Predetermined overhead rate = Expected overhead / Expected activity

Predetermined overhead rate = Expected overhead / Expected direct labor hours

Predetermined overhead rate = $480,000 / 80,000

Predetermined overhead rate = $6 per direct labor hour

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Answer:

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Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.

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3 years ago
Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income?
hjlf

Answer:

Permanent partial disability

<h3>What is permanent partial Disability?</h3>
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On July 1, 2017, Lopez Company paid $2,600 for six months of insurance coverage. No adjustments have been made to the Prepaid In
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Answer:

a.

Date                          Account Title                                       Debit           Credit

Dec. 31, 2017           Insurance expense                          $2,600

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b.

Date                          Account Title                                       Debit           Credit

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<u>Working</u>

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