Accounting 3

Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow:

Bike parts $350,000
Factory machinery depreciation $55,000
Factory supervisor salaries $140,000
Factory direct labor $300,000
Factory supplies $7,500
Factory property tax $37,500
Advertising cost $14,500
Administrative salaries $80,000
Administrative-related depreciation $16,000
Total expected costs $1,000,500

1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $15 per hour.

2. Determine the amount of applied overhead if 18,500 actual hours are worked in the upcoming year.

  1. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩
  1. 6565

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩
  2. njk

    1. 👍
    2. 👎
    3. ℹ️
    4. 🚩

Respond to this Question

First Name

Your Response

Similar Questions

  1. english

    18. Identify the sentence that most strongly relies on emotional language. I was surprised when you took a job with that company. It came as a real shock when you took a job with that company. When you took a job with that

  2. English

    Identify the sentence that most strongly relies on emotional language? I was surprised when you took a job with that company. It came as a real shock when you took a job with that company.******* When you took a job with that

  3. Social Studies

    Dave is an executive at a large company. He is concerned that other businesses in his industry have been moving some of their operations to foreign countries in order to cut down on labor costs. The CEO has asked Dave to make a

  4. pre-calculus

    the profit of a company, in dollars, is the difference between the company's revenue and cost. the cost C(x), and R(x) are functions for a particular company. the x represents the number of items produced and sold to distributors.

  1. algebra

    XYZ company’s cost function for the next four months is C=500,000+5Q a) Find the BE dollar volume of sales if the selling price is br.6/unit b) What would be the company’s cost if it decides to shut down operatios for the next

  2. Prep CC

    Lesson 5 Unit 6 Starting a New Job Unit Test Assume that you have been newly hired to a great company and you would like to keep your job. What are some of the strategies that you can demonstrate in order to keep your job in a

  3. calculus

    A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below P=400-.5x and C(x)=20000+130x What price should the company charge for the phones and how many phones should be

  4. maths

    It costs a publishing company $50000 to make books. The $50000 is a fixed cost or a cost that cannot change. To help the publishing company sell the books, a marketing company charges $4 for each book sold. If the company sells

  1. Calculus

    A company manufactures widgets. The daily marginal cost to produce x widgets is found to be C'(x) = 0.000009x^2 - 0.009x + 8 (measured in dollars per unit). The daily fixed costs are found to be $120. a. Use this information to

  2. Accounting for Managers

    Question 1 of 20 5.0 Points Which of the following products probably would be manufactured using a job order costing system? A. Paper B. Baseball cards C. Computer monitors D. Company business cards Reset Selection Mark for Review

  3. science

    Large companies often have different workers who complete each different part of the transportation process. Their job is that single task. Pretend you are the manager of a large company. In three to five sentences, describe three

  4. Math

    the Ruby Snow Company makes custom snowboards. the company's profit can be modelled with the relation y=6x^2+42x-60,where x is the number snowboards sold(in thousands) and y is the profit (in hundreds of thousands of dollars) How

View more similar questions or ask a new question.