Homework Answers
Answer:
1.)
redetermine overhead rate = Estimated manufacturing overhead/Estimated labor hour
= (36000/10000+2.80)
Predetermine overhead rate = 6.40 per labor hour
2.)
| Deloria Corporation | |
| Forming Dept. | |
| Predetermined Overhead rate = 129200/19000 + 1.60 | |
| $8.40 per machine hour | |
| Assembly Dept. | |
| Predetermined Overhead rate 77600/8000 + 3 | |
| $12.70 per Direct labor hour | |
| Job T288 | |
| Direct materials: | |
| Forming | 730 |
| Assembly | 380 |
| Direct labor cost: | |
| Forming | 900 |
| Assembly | 1200 |
| Overhead: | |
| Forming (8.40*80) | 672 |
| Assembly (12.70*40) | 508 |
| Total Manufacturing cost | 4390 |
| Add: Mark up (4390*20%) | 878 |
| selling price | 5268 |
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