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Compute predetermined overhead rate using estimated grooming

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Reference no: EM132984367

Sofía Gomez runs a mobile pet grooming service. She charges $31 direct labor per grooming hour. She applies overhead to jobs on the basis of grooming hours. She predicts 810 grooming hours for the year. Her estimated overhead costs for the year follow.

Van depreciation$ 6,370

Van insurance expense$ 1,010

Tool depreciation$ 360

Van maintenance1,220

Indirect materials610

Other overhead960

Problem 1. Compute the predetermined overhead rate using estimated grooming hours.

Problem 2. Sofía has been asked to groom 3 large dogs. She expects this job to require a total of 15 direct labor grooming hours. Compute her total cost (direct labor plus applied overhead) for this job.

Problem 3. If Sofía targets a markup of 20% on the total cost for each job, what price should she quote for the job?

 

 

Reference no: EM132984367

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