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g100num [7]
3 years ago
13

Weekly Company gathered the following information for the year ended December​ 31:Direct labor cost incurred for the year$ 180 c

omma 700Estimated manufacturing overhead costs$ 274 comma 300Estimated direct labor cost $ 219 comma 800Work in process​ inventory, Dec, 31$ 51 comma 700Finished goods​ inventory, Dec. 31$ 66 comma 000Cost of goods sold$ 141 comma 300Estimated direct labor hours 260 comma 500What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation​ base?
Business
1 answer:
Mashcka [7]3 years ago
7 0

Answer:

predetermined manufacturing overhead rate  $1.23

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We will distribute the expected overhead cost along a cost driver.

In this case we are asked to use direct labor cost:

estimated overhead 270,300

estimated labor         219,800

overhead rate = 270,300 / 219,800 = 1,229754 = 1.23

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7 0
3 years ago
Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid
mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

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Useful life = 10 years

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Answer:

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