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....

90.2K

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 yeat, it estimated that 38,000 direct labor-hours would be required for the perlod's estimated level of production. The company also estimated $589,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $818,125 and its actual total direct labor was 38.500 hours. Required: Compute the company's plantwide predetermined overhead tate 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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

47 The total energy of a hydrogen atom in its ground state is 13 6...

Physics
Q

Answer True or False for each question. For the three questions indicated also provide a full...

Physics
Q

What fluid property is responsible for the develop­ment of the velocity boundary layer? Explain in detail.

Mechanical Engineering
Q

What are the three main types of forest biomes Orain temperate boreal marine coastal terestrial...

Biology
Q

A container contains 6 diesel engines The company chooses 4 engines at random and will...

Statistics
Q

Determine whether the following statment is true or false The graph of y 7g x...

Algebra
Q

Healthy Potions, Inc., is considering investing in a new production line for eye drops. Other...

Accounting
Q

923 Example 6.11. Prove that en Ee* 4e the interval of differencing being h. 2

Accounting
Q

Lukow Products is investigating the purchase of automated equipment that will save $120,000 each year...

Accounting
Q

How would Apples financial statements be impacted by its iPhone oneyear warranty and related iPhone...

Accounting
Q

Which of the following is a qualified contribution for an employee claiming the retirement savings...

Finance
Q

Required information The following information applies to the quentons disployed belowy The following information pertains...

Accounting