i cannot figure this out Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 92,500 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $1,156,250 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $1,177,550 and its actual total direct labor was 97,750 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials Direct labor cost Direct labor hours worked $ 39,000 $ 30,600 370 Compute the total job cost for the Xavier Company engagement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Chech Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials Direct labor cost Direct labor hours worked $ 39, eee $ 30,60e 370 Compute the total job cost for the Xavier Company engagement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total Job cost for the Xavier Company engagement. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Overhead applied Total manufacturing cost < Required 1

Predetermined overhead rate = Budgeted Fixed costs/Budgeted Labor hours + Variable rate =1156250/92500 + 0.50 13 DLH Calculation of total cost Direct material 39,000 Direct labor 30,600 Overhead Applied 4,810 Total manufacturing cost 74,410 DLH 1 Predetermined overhead rate = Budgeted Fixed costs/Budgeted Labor hours + Variable rate 2 =1156250/92500 + 0.50 3 =(1156250/92500) + 0.5 4 5 Calculation of total cost 6 Direct material 7 Direct labor 8 Overhead Applied 9 Total manufacturing cost 39000 30600 =370*A3 =SUM(B6:B8) .

I cannot figure this out Tech Solutions is a consulti…

Answers

DLH 1 Predetermined overhead rate = Budgeted Fixed costs/Budgeted Labor hours + Variable rate 2 =1156250/92500 + 0.50 3 =(115

Similar Solved Questions

2 answers

Describe the four properties that scientist use to predict population size

describe the four properties that scientist use to predict population size...

Predetermined overhead rate = Budgeted Fixed costs/Budgeted Labor hours + Variable rate
=1156250/92500 + 0.50
13	DLH

Calculation of total cost
Direct material	39,000
Direct labor	30,600
Overhead Applied	4,810
Total manufacturing cost	74,410

I cannot figure this out Tech Solutions is a consulting firm that uses a job-order costing...

Question:

Answers

Similar Solved Questions