1 answer

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

Question:

(Required) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At
(Required) 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 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $530,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $687,781 and its actual total direct labor was 32,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead ate per DLH < Prex 1 of 4 !!! Next

Answers

Answer : $19.56 per DLH

Explanation :

Company's plant wide predetermined overhead rate for the year

= Estimated total manufacturing overhead /Estimated total direct labor hours

= [$530,000 + (32,000 DL hours * $3)] / 32,000 DL hours

= $626,000 / 32,000 DL hours

= $19.56 per DLH

.

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