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photoshop1234 [79]
3 years ago
13

Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine r

epair work. Estimated costs and expenses for the coming period are as follows: Engine parts $556,200 Shop direct labor 406,000 Shop and repair equipment depreciation 37,900 Shop supervisor salaries 105,300 Shop property taxes 19,100 Shop supplies 14,600 Advertising expense 11,100 Administrative office salaries 47,800 Administrative office depreciation expense 6,100 Total costs and expenses $1,204,100 The average shop direct labor rate is $14.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. $fill in the blank 1 per direct labor hour
Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer: $6.10 per direct labor hour

Explanation:

Predetermined shop overhead rate = Estimated Overhead costs / Estimated Direct labor hours

Estimated overhead costs:

= Shop and repair equipment depreciation + Shop supervisor salaries +  Shop property taxes + Shop supplies

= 37,900 + 105,300 + 19,100 + 14,600

= $176,900

Estimated direct labor hours

= Shop direct labor / Average Direct labor rate

= 406,000 / 14

= 29,000 hours

Predetermined shop overhead rate = 176,900 / 29,000

= $6.10 per direct labor hour

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Answer:

Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied.

Explanation:

Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Macroeconomics takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global. Microeconomics and macroeconomics are both vast areas of study in their own rights.

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3 years ago
An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little
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Answer:

We will get $7680(thousands)

Explanation:

Answer

If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400

The variance is given for the number of cars, but not for the profit.

So, we need to convert the numerical value(number of cars) to money value(profit)

it is given that net revenue per car is $1.2 (thousands)

So, multiplying the net revenue by number of cars

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3 0
3 years ago
A traditional cover letter’s format includes an introduction, a __________and a_____________ paragraph.
ehidna [41]

A traditional cover letter’s format includes an introduction, a body and a closing paragraph.

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3 years ago
At a movie the ater box office, all tickets are pre-numbered. At the end of each day, the beginning ticket number is subtracted
Mrrafil [7]

Answer:

A. Some customers presented tickets purchased on a previous day when there wasn't a ticket taker at the theater entrance.

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The control of selling fresh prenumbered tickets from the last number sold on the previous day is a control that detects tickets sold the previous day.

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3 years ago
Assume Merck (MRK) just announced that its next dividend will be $2, paid one year from now (you just missed the prior annual di
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$28.57

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3 years ago
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