Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. privack corporation has a standard cost system in

Privack Corporation has a standard cost system in which it applies overhead to products based...

90.2K

Verified Solution

Question

Accounting

Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

Budgeted variable overhead cost per direct labor-hour $ 4.00
Total budgeted fixed overhead cost per year $ 592,856
Budgeted direct labor-hours (denominator level of activity) 59,286
Actual direct labor-hours 83,000
Standard direct labor-hours allowed for the actual output 81,000

Required:

1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. (Round your answer to the nearest whole dollar amount.)

2. Compute the amount of overhead that would be applied to the output of the period. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

image

per DLH 1. Predetermined overhead rate 2. Overhead applied

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

Advance Math
1.2K views

From the time of early studies by Sir Francis Galton in the late nineteenth century linking...

Biology
1.2K views

To test the effectiveness of a new drug (Phasomaxtrin) designed to treat Quarantinitis, researchers conducted a...

Advance Math
1.2K views

please show the steps and clear hand writing please show how to Derive the Newton-Raphson formula....

Physics
1.2K views

2 An uncharged capacitor having capacitance C is connected across a battery of emf V...

Physics
1.2K views

A small metal sphere of radius a is falling with avelocity v through a vertical...

Algebra
1.2K views

Use the graph below to write down the rational function f x represented in it...

Accounting
1.2K views

Which of the following explains the rules that FASB recommends for treatment of an...

Accounting
1.2K views

SECTION A: [36 MARKS] Answer ALL questions in this section. 1. Explain the scope of...

Accounting
1.2K views

[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow....

Accounting
1.2K views

Dow Corporation sells a product for $50. Budgeted sales for the first quarter of 20x1...

Accounting
1.2K views

int The operations vice president of Security Home Bank has been interested in Investigating the...

Finance
1.2K views

In the APT model, what is the nonsystematic standard deviation of an equally-weighted portfolio that...