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Question 1 - 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 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours.
Required: Compute the company's plantwide predetermined overhead rate for the year.
Question 2 - Luthan Company uses a plantwide predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $257,400 of total manufacturing overhead cost for an estimated activity level of 11,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $249,000 and 10,800 total direct labor-hours during the period.
Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.
in october a company reports 21560 actual direct labor hours and it incurs 57360 of manufacturing overhead costs.
During 2010, the partnership sold the land for $85,000 to an unrelated third party. What amount of gain from the partnership's sale of the land should be allocated to Beth?
Which of these totals would be useful in preventing or detecting IT system input and processing errors or fraud described as follows?
Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2010 and 2011.
Often variances occur simultaneously and provide insight regarding the performance for the period. Indicate one reason for each of two of these variances and ensure your explanation is interrelated, meaning the two events giving rise to the varian..
the diamond glitter company is in the process of preparing its financial statements for 2012. assume that no entries
Purchasing has identified a company that will pick up the damaged and unusable pallets and process them into wood chips, which this company then sells. The cost of this service is $1.25 per pallet.
The cost of which of the following expenses is NOT deductible as a medical expense on Schedule A, before the 7.5% of adjusted gross income limitation?
apollo company manufactures a single product that sells for 168 per unit and whose total variable costs are 126 per
You have a sole-proprietorship merchandizing business dealing with photography equipments. The business was established three years back and had an average annual turnover of $50,000.
Find the values of the three quartiles and the interquartile range. Calculate the (approximate) value of the 35th percentile.
Ford Software began with cash of $10,000. Ford then bought supplies $2600 on account. Ford paid $4600 for a computer. How much assets does he have? How much in liabilities does Ford owe?
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