Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 66,000 labor-hours. The estimated variable manufacturing overhead was $8.41 per labor-hour and the estimated total fixed manufacturing overhead was $1,533,180. The actual labor-hours for the year turned out to be 68,400 labor-hours. Required:Compute the company's predetermined overhead rate for the recently completed year.
What will be an ideal response?
Estimated total manufacturing overhead = $1,533,180 + ($8.41 per labor-hour × 66,000 labor-hours) = $2,088,240
Predetermined overhead rate = $2,088,240 ÷ 66,000 labor-hours = $31.64 per labor-hour
You might also like to view...
When preparing an annotated presentation, you should normally:
a. include a separate page for each animation b. print two images of the same slide on a page showing each successive animation c. print four images of the same slide on a page showing each successive animation d. none of the above
Discuss the three different forms of commonly exercised discretion by agency officials
What will be an ideal response?
Although it has nationwide jurisdiction, the Court of Appeals for the Federal Circuit primarily hears appeals from the district courts involving:
a. patent cases b. trademark cases c. copyright cases d. all of the other specific choices are correct e. none of the other specific choices are correct
The sine qua non rule or but for rule is that:
a. the injury would not have occurred if the victim had known the tortfeasor b. the injury would not have occurred but for the conduct of the tortfeasor c. the injury is the fault of the tortfeasor d. the injury occurred because of the tortfeasor's lack of knowledge e. none of the other choices