Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Feb 2018 My Price 8.00

Gitano Products

value: 10.00 points Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $114,400 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: $134,000 Purchase of raw materials Direct labor cost 84,000 Manufacturing overhead costs: $103,100 Indirect labor 8,300 Property taxes Depreciation of equipment 18,000 13,000 Maintenance 8,900 Insurance 38,000 Rent, building Beginning Ending Raw Materials 25,000 16,000 49,000 40,000 Work in Process 72,000 60,000 Finished Goods Required: 1-a. Compute the predetermined overhead rate for the year. Predetermined overhead rate Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $114, 400 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year:  a. Compute the predetermined overhead rate for the year.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Feb 2018 11:02 PM My Price 8.00

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