70.2K

Verified Solution

Link Copied!

Question Flores Foundry in Austin, Texasu predatorired manufacturing overhand rule to allocato chant to individual jako bered on the machine hour required. At the beginning of the you, the company expected to inour the following: Click the loan to view the costs) Read the requirements Requirement 1. Compute Flores' predetermined manufacturing overhead rate Determine the formula to calculate the predetermined overhead rate, then calculate the rate Estimated yearly overhead costs Estimated yearly machine hours. Predetermined overhead role 5 550,000 68.750 per machine hour Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Determine the formula to calculate the overhead to be located, then calculate the murdacturing overhead allocated, Manufacturing Overhead located Data Table ng add Manufacturing overhead costs $ 550,000 Direct labor cost $ 1,300,000 Machine hours 68,750 At the end of the year, the company had actually incurred the following: ny ml 3,750 Hocat $ 1,190,000 $ 500,000 cated, $ Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours 20,600 $ 24,000 13,500 10.500 53,500 hours s Print Done ut fields na TCR

Answer & Explanation Solved by verified expert

See Answer