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ID: 2329353 • Letter: W
Question
womes nere , seed and dag to the Favorites Bar folder. Or import from another browser. e then , Week 1 Saved 3 Harris Fabrics computes its plantwlde predetermined overhead rate annually on the basis of direct labor -hours. At the beginning of the year, it estimated that 28,000 direct labor-hours would be required for the period's estimated level of production. The estimated $592.000 of fixed manufacturing overhead cost for the coming period and varlable manufacturing overhead of $3.00 per company also r. Harris's actual manufacturing overhead cost for the year was $736,521 and its actual total direct labor was 28.500 208 ports hours Required: eBook Compute the company's plantwide predetermined overhead rate for thee year. (Round your aniswer to 2 decimal pleces) References per DLHExplanation / Answer
Answer ---$21.14
Calculations
Plantwide Overhead Rate
(A) Total Estimated Overheads
$ 592,000.00
(B) Total Direct labor hours in the year
$ 28,000.00
(A/B) Plantwide Overhead Rate per labor hour
$ 21.14
Pantwide Overhead rate is calculated in the beginning of the period. With the help of this rate Overhead cost is applied on various jobs. Overhead cost is applied by multiplying Plantwide overhead rate with direct labor hours consumed.
Plantwide Overhead Rate
(A) Total Estimated Overheads
$ 592,000.00
(B) Total Direct labor hours in the year
$ 28,000.00
(A/B) Plantwide Overhead Rate per labor hour
$ 21.14
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