| Answer | |
| Explanation : | |
|
|
| Predetermined overhead rate = (Estimated fixed manufacturing overhead / Estimated Direct hour)+ Variable manufacturing overhead per labor hour | |
| = ($505,000 / 32,000 hours ) + $4.00 | |
| = $15.78 + $4.00 | |
| = $19.78 per DLH | |
| Therefore, the company’s plantwide predetermined overhead rate for the year is $19.78 per DLH |
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $542,000 of Oxed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $730,844 and its actual total direct labor was 32,500 hours. Required:...
Harris Fabrics computes its plantwide predetermined overhead
rate annually on the basis of direct labor-hours. At the beginning
of the year, it estimated that 34,000 direct labor-hours would be
required for the period’s estimated level of production. The
company also estimated $505,000 of fixed manufacturing overhead
cost for the coming period and variable manufacturing overhead of
$2.00 per direct labor-hour. Harris’s actual manufacturing overhead
cost for the year was $638,351 and its actual total direct labor
was 34,500 hours.
Exercise...
(Required) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $530,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $687,781 and its actual total direct labor was 32,500 hours....
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 36,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $553,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $763,256 and its actual total direct labor was 36,500 hours. Compute...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 30,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $547,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $725,392 and its actual total direct labor was 30,500 hours. Required:...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 41,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $556,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $793,105 and its actual total direct labor was 41,500 hours. Required:...
Harris Fabrics computes Its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 27,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $555,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $720,653 and its actual total direct labor was 27,500 hours. Required:...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 42.000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $567,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $811,750 and its actual total direct labor was 42,500 hours. Required:...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 37,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $565,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $784,510 and its actual total direct labor was 37,500 hours. Required:...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 30,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $590,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $743,183 and its actual total direct labor was 30,500 hours. Required:...