1. The following information has been gathered for the Georgia Manufacturing Company for its fiscal year ending december 31:
Actual Manufacturing over head costs 223,000
actual direct labor hours 66,000
actual direct labor costs 456,000
estimated manufacturing overhead costs 225,000
estimated direct labor 445,000
estimated direct labor hours 62,000
what is the predetermined manufacturing overhead rate per direct labor hour?
3. The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending december 31:
Actual Manufacturing over head costs 223,000
actual direct labor hours 66,000
actual direct labor costs 456,000
estimated manufacturing overhead costs 225,000
estimated direct labor 445,000
estimated direct labor hours 62,000
what is the predetermined manufacturing overhead rate, assuming direct labor cost is used as the activity base?
Answer to question
estimated manufacturing overhead costs | 2,25,000 | ||
estimated direct labor hours | 62000 | ||
Predetermined manufacturing overhead rate per direct labor hour | estimated manufacturing overhead costs / estimated direct labor hours | 3.63 per hour | |
estimated manufacturing overhead costs | 2,25,000 | ||
estimated direct labor Cost | 4,45,000 | ||
predetermined manufacturing overhead rate, assuming direct labor cost is used as the activity base | estimated manufacturing overhead costs / estimated direct labor Cost | 0.51 |
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