1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Schach [20]
3 years ago
9

Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of

the most recently completed year, the company estimated the labor-hours for the upcoming year at 79,000 labor-hours. The estimated variable manufacturing overhead was $11.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,469,400. The actual labor-hours for the year turned out to be 81,100 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year.
Business
1 answer:
Gnoma [55]3 years ago
3 0

Answer:

Estimated manufacturing overhead rate= $30.5 per direct labor hour

Explanation:

Giving the following information:

Direct labor-hours= 79,000 labor-hours.

The estimated variable manufacturing overhead was $11.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,469,400.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (1,469,400/79,000) + 11.9= $30.5 per direct labor hour

You might be interested in
Mace Auto Parts Company sells to retail auto supply stores on credit terms of "net 60". Annual credit sales are $300 million (sp
Artist 52 [7]

Answer:

Mace's average collection period is 88 days

Explanation:

Credit terms is "Net 60" which means the customer will naturally pay within 60 days. Further it is given that account average 28 days overdue. This means it takes 28 more days to collect the amount of receivables. Therefore the average collection period comes to

60 + 28 = 88 days.

8 0
2 years ago
State a reason to justify that marketing is a beneficial concept.​
AnnyKZ [126]

Answer: marketing is beneficial to customers because they can receive lower price they can receive new and improved products and it is also beneficial to the business because it allows businesses to maintain long-lasting and ever-present relationships with their audience

4 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
maks197457 [2]

Answer:

Applied overhead: 387,750

underapplied by 74,250

Explanation:

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

to get the predetermined overhead rate we will distribute the expected cost along a cost driver. In this case, labor hours.

403,260 / 61,100 = 6.6

Then, we apply this rate to the actual labor hours for the period:

58,750 x 6.6 = 387,750

This will be the applied overhead for the period.

The we compare with the actual overhead:

387,750 - 462,000 = (74,250)

As the actual cost were higher the overhead was underpapplied.

6 0
2 years ago
"Sheridan Processes is involved with innovative approaches to finding energy reserves. Sheridan recently built a facility to ext
gladu [14]

Answer:

Natural gas is debited by $6.3 million and asset retirement obligation is credited by $6.3 million.

Explanation:

According to the scenario, computation of the given data are as follow:-

Estimated cost = $16 million

Present value = $6.3 million

So, we will make journal entry for asset retirement obligation by taking present value of assets.

Journal entry to record the asset retirement obligation are as follows :-

Natural gas facility A/c  Dr.   $6,300,000

To Asset retirement obligation A/c  $6,300,000

( Being asset retirement obligation is recorded)

4 0
2 years ago
Suppose the cost to clean the lake is $40 per hour and that the residents have agreed to split the cost of cleaning the lake equ
bija089 [108]

They did nutter boouter lol so you got wrong answer in the wind you slow for askin for help from other people dumbol

3 0
2 years ago
Other questions:
  • Paul is in performance appraisal meeting with his supervisor Ted. Ted is about to wrap up the performance appraisal. which step
    10·1 answer
  • What is the most popular gaming company?<br><br> Answer: SQUIMIX
    8·1 answer
  • Ben owns a lawn care business. from experience, ben has found that john deere equipment lasts almost twice as long as competitor
    12·1 answer
  • A successful biologist’s main interest area would be _____.
    10·1 answer
  • By encouraging employees to experiment with new innovations that are of interest to them, bezos is supporting which of scott ber
    5·1 answer
  • Most major furniture manufacturers affix labels to their wares that explain the products' construction features, such as type of
    11·1 answer
  • According to the GLOBE project, which of the following are most likely to view the terms "leader" and "manager" negatively? the
    6·1 answer
  • If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:__
    15·1 answer
  • Dole Company uses the periodic inventory system. At the end of the accounting​ period, ending inventory is​ $10,000 and beginnin
    14·1 answer
  • Define a two-bin system. Multiple choice question. It specifies the amount of risk of incurring a stockout that a firm is willin
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!