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....

70.2K

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 $516,000 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 $702,340 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.) Predetermined overhead rate 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

Biology
1.2K views

Which of the following compounds is not a TRUE ketone body? B-hydroxybutyric acid All options...

Biology
1.2K views

Which of the following is NOT a means for genetic diversification in bacteria A mutation...

Basic Math
1.2K views

Classify the sample as random systematic stratified or clustered Every seventh customer entering a shopping...

Basic Math
1.2K views

Solve the equation by factoring the left hand side and then setting each factor equal...

Algebra
1.2K views

Which of the following is commonly used to show proof of ownership OA All of...

Algebra
1.2K views

A building is 1 ft from a 7 ft fence that surrounds the property A...

Accounting
1.2K views

QUESTION 26 The income statement for the Company is divided by its...

Accounting
1.2K views

Complete this question by entering your answers in the tabs below. Assume again that Andretti...

Accounting
1.2K views

Identify whether the following items increase (I) or decrease (D) the existing balance in the...

Accounting
1.2K views

11a-5 Thank you. IIA-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the...

Accounting
1.2K views

S13-11 Accounting for a stock split Deco r and More Imports recently reported the following...

Accounting
1.2K views

QUESTION 8 Expenditures for research and development are generally recorded as O current operating expenses...