Compute the companys predetermined overhead rate

Assignment Help Financial Accounting

Reference no: EM13747864

Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $584,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $732,719 and its actual total direct labor was 29,500 hours.

Required:

Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places)

Reference no: EM13747864

Questions Cloud

Payback period-cash flows are after-tax cash flows : Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. Colby Hepworth has just invested $475,000 in a book and video store. She expects to receive a cash income of $120,000 per year from the investment.

What is capital after-tax wacc : If the returns required by investors are 8 percent, 10 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Capital's after-tax WACC? Assume that the firm's marginal tax rate is 40 percent.

Formulate and record possible research project : Formulate and record possible research project with outline of specification and identify the factors that contribute to the process of research project selection

Write a research paper on rise of industrialization : Write a three page research paper on The rise of industrialization after the Civil War brought about many changes both positive and negative to the United State between 1865 and 1920.

Compute the companys predetermined overhead rate : Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be required for the period’s estimated level of production.

How much glucose is obtained : What is the energy efficiency of fat storage in this case and How much glucose is obtained (g)? (this is not quite the same question as #4 - but not far off)

Pirmary market different from the seconadary market : What is the capital market? How is the pirmary market different from the seconadary market? in your opinion, are these maerkets efficent? why or why not?

Calculate total dividends and per-share dividends declared : Calculate the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2009.

Determine the fixed and operating costs for a scraper : Using the following information, determine the fixed and operating costs for a scraper.

User Account

All Pages