Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fast company is debating the use of direct labor c

Fast Company is debating the use of direct labor cost or...

50.1K

Verified Solution

Question

Accounting

image
Fast Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost $591,000 Actual direct labor cost $474,600 Estimated manufacturing overhead costs $434 200 Actual manufacturing overhead costs $359.000 Estimated direct labor hours 259,900 Actual direct labor hours 241 600 if Fast Step Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead rate be? 73% 91% 76% 70%

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

Geometry
1.2K views

it sells 125 boxes per day The company is considering two new designs for the...

Geometry
1.2K views

1 In the diagram below MN 5 Determine the length of LM and LN N...

Accounting
1.2K views

Is it possible for an organisation to provide excellent customer service without every employee having a...

Geometry
1.2K views

D A 110 C 36 B Use the drop down menus to complete the statements...

Basic Math
1.2K views

3 8 5 pts Find the inverse of f x x 5 Don t forget...

Algebra
1.2K views

Suppose you are given a square with an inscribed circle as shown below If the...

Accounting
1.2K views

Please fill in the blank and the table below. ...

Accounting
1.2K views

An employment contract is an agreement between the manager and top management designed to provide...

Accounting
1.2K views

please answer #2 The Stratton Township Park The Stratton Township Park is located on a...

Accounting
1.2K views

Why is the statement of cash flows a useful document? What can creditors, investors, and...

Finance
1.2K views

With the information above fill out the excel sheet below with work: MACRS...

Accounting
1.2K views

1. A credit sale on December 1, 2022, of $2100 has not been recorded on...