Wednesday
July 23, 2014

Homework Help: accounting

Posted by sally on Saturday, September 8, 2012 at 7:05pm.

Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the periodís estimated level of production. The company also estimated $567,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Loganís actual manufacturing overhead for the year was $788,136 and its actual total direct labor was 38,500 hours.

Required:
Compute the companyís predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - Urquhart Corporation applies manufacturing overhead on the basis of...
College Accounting 211 - A Corporation uses a predetermined overhead rate of $23...
Accounting - Burrand Company estimates that annual manufacturing overhead costs ...
Cost accounting - Red River Products uses a normal cost, job order costing ...
Cost accounting - (Predetermined OH rate) For 2008, Southwest Industrial has a ...
Accounting - Original budget for 2009 included $600,000 fixed overhead and $400,...
Accounting - Please Help!!!! Trying to get a little help on working this ...
Accounting - Original budget for 2009 included $600,000 fixed overhead and $400,...
accounting - Data provided: Estimated manufacturing overhead cost for year....$...
managerial Accounting - Smith Co uses a standard cost system for its single ...

Search
Members