Compute the company predetermined overhead rate for year

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Problem - A. Harris Fabrics computes its predetermined over labor-hours. At the beginning of the year, would be required for the period' head rate annually based on direct it estimated that 20,000 direct labor-hours s estimated level of production. The company also estimated $94.000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $123,900 and its actual total direct labor was 21.000 hours. Compute the company's predetermined overhead rate for the year.

B. Mickey Company's predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500:

Direct materials $230

Direct labor $108

Required -

1. What is the total manufacturing cost assigned to Job A-500?

2. If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in the Job?

Reference no: EM133034504

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