Homework Answers
Answers
- Requirement 1
|
Estimated indirect cost or overheads |
/ |
Expected direct labor hours |
= |
Predetermined OH rate |
|
$640,000 |
/ |
4000 |
= |
$160 |
- Requirement 2
Cost assigned to Halbert
= (170 hours x $ 280) Labor cost + (170 hours x $ 160 allocated
rate)
= 47600 + 27200
= $ 74,800
- Requirement 3
>Total Revenue earned = $47600 x 160% = $ 76160
>Total Cost = $ 74800
>Total Operating Income = $ 76160 – 74800 = $ 1,360
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