Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 2-1 compute a predetermined overhead rate

Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] Harris Fabrics computes its plantwide predetermined overhead...

50.1K

Verified Solution

Question

Accounting

image

Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] 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 $593,000 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 $795,282 and its actual total direct labor was 41,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate $ 16.41 per DLH

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

Finance
1.2K views

Michael and Jan Scott are married and have one child, Madison. Michael was born on March...

Biology
1.2K views

Many insects lay large numbers of eggs and then abandon them. Few of these offspring...

Statistics
1.2K views

In 2019 the Economic Policy Institute published a report titled The Teacher Shortage Is Real...

Algebra
1.2K views

2 Graph each function over a one period interval identify the domain and range when...

Algebra
1.2K views

Use the Binomial Theorem and Pascal s Triangle to find the coefficient of x4 in...

Algebra
1.2K views

4 2x y 3 4x y 3 A B D 4 AV H A V...

Accounting
1.2K views

save & Exit | | Submit value 10.00 points...

Accounting
1.2K views

Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes....

Accounting
1.2K views

Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory...

Accounting
1.2K views

(B) Compare the total per-unit cost of manufacturing standard cases and deluxe cases. Record your...

Finance
1.2K views

Refer to the following table. Maturity (years) 1 2 3 4 5 Zero-coupon...

Accounting
1.2K views

Blossom Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 37,600 shares outstanding...