Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. harris fabrics computes its plantwide predetermine

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours....

50.1K

Verified Solution

Question

Accounting

image
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 39,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $536,000 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 $720,622 and its actual total direct labor was 39,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (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

General Management
1.2K views

Ali recently became a manager at a local furniture store that employs three managers and 55...

Geometry
1.2K views

Find the value that makes the ratios equal 90 OA 10 OB 27 OC 9...

Basic Math
1.2K views

credited accounts and amounts and transaction descriptions Go to General Journal June 3 June 5...

Basic Math
1.2K views

Sometimes linear equations are written in forms other than yCma+b. One common form looks likeAr+By...

Statistics
1.2K views

The data in the scatterplot below are an individual s age in years and the...

Calculus
1.2K views

Find the general solution for the differential equation Verify that the solution satisfies the original...

Algebra
1.2K views

It seems these days that students have to work more and more each week to...

Accounting
1.2K views

2. (Refer to Example 7-10) A diesel generator for electrical power can be...

Accounting
1.2K views

Homework: Homework 3, Due 2/21 Ho Score: 0 of 1 pt 31 of 34 (29...

Accounting
1.2K views

Computing Materials Variances D-List Calendar Co. specializes in manufacturing calendars that depict obscure comedians. The...

Finance
1.2K views

you buy a 9% annual coupon rate paid semiannually, 15 year maturity bond when its...

Finance
1.2K views

Briefly explain the Treynor-Black model. Draw a diagram of the model to include the active...