jagdeep5533
05.03.2021 •
Business
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $380,000 Shop direct labor 1,872,000 Shop and repair equipment depreciation 62,500 Shop supervisor salaries 240,000 Shop property taxes 36,940 Shop supplies 10,000 Advertising expense 28,000 Administrative office salaries 150,000 Administrative office depreciation expense 8,000 Total costs and expenses $2,787,440 The average shop direct labor rate is $37.50 per hour. Determine the predetermined shop overhead rate per direct labor hour. $fill in the blank 1 per direct labor hour
Solved
Show answers
More tips
- G Goods and services How to Choose a Coffee Maker? The Ultimate Guide for Coffee Lovers...
- O Other How to Accidentally Get a Rare Coin with Your Change and How to Know Its Value?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- D Dating, Love, Relationships Why do we feel shame?...
- F Family and Home Why Does God Punish Us Constantly and How Can We Fix It?...
- F Family and Home Do Lullabies Help Babies Sleep or Is it Just a Myth?...
- B Business and Finance How to Get Your Money Back When Lending? Top 7 Ways...
- S Society and Politics Выборы: Смысл, Значение и Отражение...
- D Dating, Love, Relationships Why Should the Man be Active and the Woman Passive during Foreplay?...
- P Philosophy How did the concept of module arise in computer science?...
Answers on questions: Business
- B Business I want to take a survey of students at my university to find out what proportion like the new bus service on campus. how many will i need to survey if i want to estimate...
- B Business Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce...
- B Business Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $140,000 and used for five years, yielding the following net...
- B Business Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increase in net capital outflow, or a decrease...
- B Business A firm is choosing between two machines. Machine X has a first cost of $5,000 and a useful life of 5 years. Machine Y has a first cost of $8,000; useful life of 12...
- B Business Starfish Enterprises management has obtained data on the material costs for a selected job which used 300 feet of materials, while estimates for the job required only...
- B Business QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following...
- B Business ng liquidity) Aylward Inc. currently has $ in current assets and $ in current liabilities. The company s managers want to increase the firm s inventory, which...
- B Business Which of these results in a price decrease? A. A decrease in both supply and demand B. An increase in both supply and demand C. An increase in supply only...
- B Business Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 11,000 Selling price per unit $16 Variable selling expense per...
Ответ:
$7 per direct labor hour
Explanation:
Given the above information ,
Overhead cost = Shop and repair equipment and depreciation + Shop supervisor salaries + shop property taxes + shop supplies
Overhead cost = $62,500 + $240,000 + $36,940 + $10,000 = $349,440
Number of direct labor hours = 1,872,000/$37.5 = 49,920
Predetermined overhead rate = Overhead cost/Direct labor hours
Predetermined overhead rate
= $349,440/49,920
= $7 per direct labor hour
Ответ:
you just scam them
Explanation:
it should be 60$$$