Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. harris fabrics computes its plantwide predetermine

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of...

80.2K

Verified Solution

Question

Accounting

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 25,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $564,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $690,030 and its actual total direct labor was 25,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. Note: Round your answer to 2 decimal places. Predetermined overhead rate per DLH

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Are the following statements true or false? For each, explain why. (a) 15 divides 5 (b) gcd(4,...

Advance Math
Q

An equilateral conducting loop is placed in a time dependent magnetic field in a cylindrical...

Physics
Q

a where k and a are positive 2 2x particle of mass m is moving...

Physics
Q

Exercise 1 Some exercises on the Week 10 exercise sheet will give you all the...

Algebra
Q

You have the carpet cleaned in your company vehicle. The cost is $150. What is...

Accounting
Q

A county will invest $4,200,000 to clean up a chemical spill that occurred following a...

Accounting
Q

A company lends its supplier $160,000 for 3 years at a 10% annual interest rate....

Accounting
Q

meters and we are in the base how ended for ed them The company based...

Accounting
Q

Sandra Company reported these income statement data for a 2-year period. 2022 2021 Sales $245,000...

Accounting
Q

The management of Zigby Manufacturing prepared the following balance sheet for March 31. To prepare...

Accounting
Q

12. Contributed Capital and Retained Earnings X: are owner's contributions and the firm's contributions, respectively....

Accounting
Q

Tax 7. During the current year, Greg and Julie pay the...

Accounting