What is the direct labor hourly wage rate

Assignment Help Accounting Basics

Reference no: EM131988995

Problem

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

Estimated total fixed manufacturing overhead $ 13,500
Estimated variable manufacturing overhead per direct labor-hour $ 1.70
Estimated total direct labor-hours to be worked 2,700
Total actual manufacturing overhead costs incurred $ 17,100

	Job P		Job Q
Direct materials	$	17,600	$	8,700
Direct labor cost	$	32,400	$	7,200
Actual direct labor-hours worked		1,800		400

1. What is the company's predetermined overhead rate?

2. How much manufacturing overhead was applied to Job P and Job Q?

3. What is the direct labor hourly wage rate?

Reference no: EM131988995

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