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ZanzabumX [31]
3 years ago
12

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning

of the year, it estimated that 26,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $564,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $674,221 and its actual total direct labor was 26,500 hours. Required: Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
Business
1 answer:
KonstantinChe [14]3 years ago
6 0

Answer:

The company’s plant wide predetermined overhead rate for the year is $23.70

Explanation:

The computation of the predetermined overhead rate is shown below:

= (Fixed manufacturing overhead cost ÷ direct labor-hours) + variable manufacturing overhead per direct labor hour

= ($564,000 ÷ 26,000 hours) + $2 per direct labor hour

= $21.69 + $2 per direct labor hour

= $23.70

The other items which are mentioned in the question are not considered in the computation part. So, these parts should be ignored.

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Answer:

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Explanation:

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4 years ago
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
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8 0
3 years ago
Read 2 more answers
Select the correct answer.
Sedaia [141]

Answer:

C

Explanation:

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4 0
3 years ago
Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good
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4 years ago
Is a 401 K considered an individual retirement account?.
Natasha_Volkova [10]

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

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brainly.com/question/2084315

#SPJ4

5 0
2 years ago
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