Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. consumed serving cuents. tech solutions computes i

consumed serving cuents. Tech Solutions computes its predetermined overhead rate annually...

80.2K

Verified Solution

Question

Accounting

image
consumed serving cuents. Tech Solutions computes its predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 57,500 direct labor-hours would be required for the period's estimated level of client service. The company also estimated: $345,000 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $365,300 and its actual total direct labor was 64,000 hours. Required: 1. Compute the predetermined overhead rate 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available for this job: Compute the total job cost for Xavier Company Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate. Note: Round your answer to 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

In Both Chloroplasts and mitochondria, the transfer of electrons down the electron transport chain involved hydrogen...

Physics
1.2K views

Ruthenium-106 (106Ru) is used to treat melanoma in the eye. This isotope decays by ?

Physics
1.2K views

Find the moment of inertia of a section of circular disc of radius R about...

Geometry
1.2K views

15 Kite 1 35 2 34 mzl mz2 12 mz3 mZ4

Basic Math
1.2K views

Write this decimal in numbers thirty three and forty seven hundredths

Accounting
1.2K views

P-F:13-45A Preparing an income statement The following information was taken from the records...

Accounting
1.2K views

If the 2017 inventory balance was understated at year end this would result in and...

Accounting
1.2K views

true or false? A quick look at a scattergraph of cost versus activity can reveal...

Accounting
1.2K views

Accounting
1.2K views

Select the best description for this journal entry. Record a cash sale. Customer paid on...

Accounting
1.2K views

Mail - Charles Clark - Outlook Online Bookstore | Prior Order ...

Accounting
1.2K views

single wishes to sell the asset at a price high enough so that he will...