1 answer

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Question:

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 38,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $536,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $683,578 and its actual total direct labor was 38,500 hours.

Required:

Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)


Answers

Estimated direct labor hours = 38,000

Estimated fixed manufacturing overhead = $536,000

Estimated variable manufacturing overhead per direct labor hour = $2

plantwide predetermined overhead rate = Estimated variable manufacturing overhead per direct labor hour+ Estimated fixed manufacturing overhead/ Estimated direct labor hours

= 2+ 536,000/38,000

= 2+14.11

= $16.11 per direct labor hour

The company’s plantwide predetermined overhead rate for the year is $16.11 per direct labor hour.

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