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fomenos
3 years ago
7

Smith Office Equipment Company's budgeted manufacturing overhead is $5,400,000. Overhead is allocated on the basis of direct lab

or hours. The budgeted direct labor hours for the period are 30,000. What is the manufacturing overhead rate?
Business
1 answer:
Alexandra [31]3 years ago
8 0

Answer:

$180 per direct labor hour

Explanation:

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

Manufacturing overhead rate = Budgeted overhead / Budgeted activity

Manufacturing overhead rate = Budgeted overhead / Budgeted direct labor hours

Manufacturing overhead rate = $5,400,000 / 30,000

Manufacturing overhead rate  = $180 per direct labor hour

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Answer: 18.92%

Explanation:

The formula to find the compound amount :-

A=P(1+r)^t, where P is the Principal amount, r is the rate of interest and t is the time period.

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Time = 8 years

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i.e. (1+r)^8=\dfrac{6000}{1500}=4

i

Taking natural log on both sides , we get

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3 years ago
In the market for magazines, the "income effect" means that
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2 years ago
Vilal
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Answer:

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2 years ago
A medical group practice is considering offering a new service with risk that is greater than the current risk of the business.
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3 years ago
This problem has been solved! See the answer On January 1, Helmut pays $2,000 for a 10% capital, profits, and loss interest in a
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Answer:

Helmut's basis at year-end is $3,900.

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Beginning Basis  = $2,000

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