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 direct labor-hours....

70.2K

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 periods estimated level of production. The company also estimated $560,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harriss actual manufacturing overhead cost for the year was $661,725 and its actual total direct labor was 25,500 hours.

Compute the companys plantwide predetermined overhead rate for the year.

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

I have two really quick ones from an exam review. A small explanation would be great! Some...

Finance
Q

Which scenario will result in the greatest decrease in energy for the system? (a) The system releases...

Chemistry
Q

In need of a numbered, styrofoam cup calorimetry laboratory procedure. This experiment will utilize redox chemical...

Chemistry
Q

A parallel plate capacitor with square plates is filled with four dielectrics of dielectric constants...

Physics
Q

The two identical masses m 2 kg are connected by a light rod of length...

Physics
Q

Chase invested $39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming...

Basic Math
Q

Genuine Spice Inc. began operations on January 1 of the current year. The company produces...

Accounting
Q

Un departamento tena la siguiente informacin para el mes: Costo total de materiales $420 000...

Accounting
Q

Hannah Ferguson is a board-certified doctor of anesthesiology. She provides anesthesiology services at several hospitals...

Accounting
Q

Crane Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department,...

Accounting
Q

When determining support for a qualifying child or qualifying relative dependent, which item is included...

Accounting
Q

Which of the following is not a derivative security? ...

Finance