Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Sep 2017 My Price 6.00

, Kent Computer’s management

In December 2010, Kent Computer’s management establishes the year 2011 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $756,000 of overhead costs and $540,000 of direct labor cost in year 2011. During March 2011, Kent began and completed Job No. 13-56.

1. What is the predetermined overhead rate for year 2011?

2. Use the information on the following job cost sheet to determine the total cost of the job.

JOB COST SHEET

Customer’s Name

Keiser Co.

Job No.

13-56

Job Description

5 color monitors—21 inch

 

 

 

Direct Materials

Direct Labor

Overhead
Costs Applied

Date

Requisition No.

Amount

Time-Ticket No.

Amount

Rate

Amount

Mar. 8

4-129

$5,000

T-306

$640

    

Mar. 11

4-142

7,050

T-432

1,280

    

Mar. 18

4-167

3,550

T-456

1,280

    

Totals

            

 

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Sep 2017 12:09 PM My Price 6.00

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