Predetermined Oh Rate. Round your answers to the nearest whole dollar.) predetermined oh v = During the first three months of the current year, actual costs incurred were as follows:
Which of the following is the correct formula to compute from www.homeworklib.com
What is the overhead application rate if bradley uses a predetermined overhead application rate based on direct labor hours (rounded to the nearest whole dollar)? All workers are paid the same rate per hour. Predetermined oh rate = predetermined fixed oh rate + predetermined variable oh rate = $ 8.6 + $ 3.9 = $ 12.5 per machine hour.
Overhead Costs Are Expenses That Are Not Directly Tied To Production Such As The Cost Of The Corporate Office.
Th e rate is 250 percent of direct labor cost. Factory overhead is applied to work in process inventory on the basis of direct labor hours. Direct labor cost actual overhead january $180,000 $440,000 february 165,000 420,400 march.
The Only Work Left In Process At The End Of The Month Had A Total Of 2,860 Direct Labor Hours Accumulated To Date.
Illustration of predetermined overhead rate calculation. During the first three months of the current year, actual costs incurred were as follows: (predetermined oh rates) lansing mfg.
Terms Similar To Overhead Rate Overhead Rate Is Also Known As The Predetermined Overhead Rate When Budgeted Information Is Used To Calculate It.
Determine the amount of overhead allocated in october. Lo.1 (predetermined oh rate) langston automotive accessories applies overhead using a combined rate for fi xed and variable overhead. Cairo products applies overhead using a combined rate for fixed and variable overhead.
A Company With Low Indirect Costs Will Have A Lower Overhead Rate, Which Makes It More Competitive With Other Firms That Must Apply A Larger Amount Of Overhead Cost To Their Products And Services.
Direct labor costs actual overhead jan. During the first three months of the current year, actual costs incurred were as followed: The predetermined foh rate using practical capacity is $8.00.
Overhead Application Rate $350,000 65,000 $5.
The rate is 250 percent of direct labor cost. Prepared the following 2010 abbreviated flexible budget for different levels of machine hours: The firmâ€s 2010 expected annual capacity is 78,000 direct labor hours, to be incurred evenly each month.
