Ask Question
BusinessBusiness
7 May, 11:18

LO 4.4How is the predetermined overhead rate determined?

+1
Answers (1)
  1. 7 May, 15:13
    0
    Instructions are listed below.

    Explanation:

    Giving the following information:

    There is one formula to calculate the estimated manufacturing overhead rate. It is the following:

    Estimated manufacturing overhead rate = total estimated overhead costs for the period / total amount of allocation base

    For example:

    Total estimated overhead = $500,000

    Allocation base = direct labor hours

    Total direct labor hours = 50,000

    Estimated manufacturing overhead rate = 500,000/50,000 = $10 per direct labor hours
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “LO 4.4How is the predetermined overhead rate determined? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When sport leagues do not expand into a market that can support a franchise, or when they create rules to limit the movement of existing franchises, what economic concepts is being applied?
Answers (1)
A $1000 deposit is put into a savings account. which of the following compounding frequencies will ensure lowest interest earned in 7 years? a. monthly b. quarterly c. semiannually d. annually the correct answer in (apex) annually
Answers (2)
Clara is extremely hungry after having a 3 hour meeting. she wants food as quickly as possible but is unsure of where to eat. because of her motivation to eat, she makes a quick decision to eat at the coffee shop a few buildings away.
Answers (1)
What is the future worth 5 years from now of a present cost of $105,000 to Hydron, Inc., at an interest rate of 12% per year compounded monthly?
Answers (1)
The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7. StoreAll Inc. manufactures the same product for $3 per bottle and sells it for $7 per bottle.
Answers (1)
New Questions in Business
Rob Grier, a friend of yours, has recently purchased a home for $125,000, paying $25,000 down and the remainder financed by a 10.5%, 20-year mortgage, payable at $998.38 per month.
Answers (1)
A company did not receive all the items it was invoiced for; the invoice noted a 2% discount if paid in ten days. the company should:
Answers (1)
What, if anything, should you do to correct the following sentence? He has the ability to affect the outcome, but he's not likely to take that chance. A. Nothing. The sentence is correct as it stands. B. Change affect to effect. C.
Answers (2)
Tom has a life insurance policy with a $1.8 million benefit. If this money was put into an account with a 4.5% interest rate, how much income can his beneficiaries expect in case Freddy dies
Answers (1)
The exchange of information among dns servers regarding configured zones is known as:
Answers (1)
Home » Business » LO 4.4How is the predetermined overhead rate determined?
Sign Up Forgot Password?