Can someone please provide a detailed step by step of how to solve this? ...
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Can someone please provide a detailed step by step of how to solve this? Tech Solutions is a consulting firm that uses a joborder costing system. Its direct materlals consist of hardware and software that it purchases and Installs on behalf of its clients. The firm's direct labor Includes salarles of consultants that work at the client's job site, and Its overhead consists of costs such as depreclation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct laborhours. At the beginning of the year, it estimated that direct laborhours would be required for the perlod's estimated level of client service. The company also estimated $ of fixed overhead cost for the coming perlod and varlable overhead of $ per direct laborhour. The firm's actual overhead cost for the year was $ and its actual total direct labor was hours. Required: Compute the predetermined overhead rate. During the year, Tech Solutions started and completed the Xavler Company engagement. The following Information was avallable With respect to this job: Compute the total Job cost for the Xaver Company engagement. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate. Round your answer to decimal places.
Can someone please provide a detailed step by step of how to solve this?
Tech Solutions is a consulting firm that uses a joborder costing system. Its direct materlals consist of hardware and software that it
purchases and Installs on behalf of its clients. The firm's direct labor Includes salarles of consultants that work at the client's job site,
and Its overhead consists of costs such as depreclation, utilities, and insurance related to the office headquarters as well as the office
supplies that are consumed serving clients.
Tech Solutions computes its predetermined overhead rate annually on the basis of direct laborhours. At the beginning of the year, it
estimated that direct laborhours would be required for the perlod's estimated level of client service. The company also
estimated $ of fixed overhead cost for the coming perlod and varlable overhead of $ per direct laborhour. The firm's
actual overhead cost for the year was $ and its actual total direct labor was hours.
Required:
Compute the predetermined overhead rate.
During the year, Tech Solutions started and completed the Xavler Company engagement. The following Information was avallable
With respect to this job:
Compute the total Job cost for the Xaver Company engagement.
Complete this question by entering your answers in the tabs below.
Compute the predetermined overhead rate. Round your answer to decimal places.
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