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3 years ago

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

Business

1 answer:

serious [3.7K]3 years ago

5 0

Answer:

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

Explanation:

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

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

<u>For example:</u>

Total estimated overhead= $150,000

Allocation base= direct labor hours

Estimated Total number of direct labor hours= 10,000

Predetermined manufacturing overhead rate= 150,000/10,000

Predetermined manufacturing overhead rate= $15 per direct labor hour

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3 years ago

Lisa's opportunity cost rate is 10 percent compounded annually. How much must she deposit in an account today if she wants to re

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Answer:

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Explanation:

Given:

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3 years ago

The principle of _____ says that if we are in a position to ease the agony of another and we can do so without excessive cost to

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3 years ago

Lucas Diving Supplies Company, in its first year of business, had labor costs of $57,000, overhead costs of $88,000, materials p

WARRIOR [948]

Answer:

$162,000

Explanation:

The amount of cost of goods manufactured is computed as

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= $57,000 + $25,000 + $88,000 - $3,000 - $5,000

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3 years ago

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Answer:

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Retained Earnings (Dr.) $157,800

Cash (Dr.) $157,800

To record cash dividend

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Retained Earnings Beginning Jan 21 $1,275,000

Net Income $2,250,000

Cash Dividend $157,800

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3 years ago