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evablogger [386]
3 years ago
5

Elkland Heating & Cooling installs and services commercial heating and cooling systems. Elkland uses job costing to calculat

e the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Elkland estimated that its overhead for the coming year would be $61,500. It also anticipated using 4,100 direct labor hours for the year. In November, Elkland started and completed the following two jobs: Job 101 Job 102Direct Material used $1,500 $10,500Direct labor hour used 155 82What is Elkland's predetermined overhead rate based on direct labor hours?
Business
1 answer:
andrey2020 [161]3 years ago
6 0

Answer:

Estimated manufacturing overhead rate= $15 per direct labor hour

Explanation:

Giving the following information:

Overhead is allocated to each job based on the number of direct labor hours spent on that job.

The estimated overhead= $61,500.

Estimated direct labor hours= 4,100

To calculate the estimated 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= 61,500/4,100= $15 per direct tlabor hour

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I belive it would be A

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2 years ago
Understanding how costs behave is useful to management for all the following reasons except a. predicting customer demand b. pre
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Answer:

The correct answer is A

Explanation:

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Explanation:

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5 0
2 years ago
A resort hotel is planning to install a computerized inventory system to manage complementary guest items such as soap and shamp
jeka57 [31]

Answer:

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z-score for 99.9% = 3.29053

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EOQ = √[(2 x S x D) / H]

S = order cost = $10

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H = $0.05

EOQ = √[(2 x $10 x 5,840) / $0.05] = 1,528.40 ≈ 1,528 soaps

b) total order costs per year = (5,840 / 1,528) x $10 = $38.22

total holding costs = (1,528 / 2) x $0.05 = $38.20

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