What is the budgeted overhead rate for the company

Reference no: EM131989232

Problem

XYZ Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made the following estimates for this year.

Direct labor costs $15,000,000
Factory overhead costs $18,500,000
Direct Labor Hours $500,000
Machine Hours $1,000,000

(a) What is the budgeted overhead rate for the company?

(b) If Job #33133 had the costs listed below, what would be the total cost of Job #33133?

Material costs were $600,000;
Direct labor costs were $750,000;
Direct labor hours were 20,000; and
Machine hours were 22,000.

Reference no: EM131989232

Questions Cloud

Calculate the maximum allowable foreign tax credit : A taxpayer has a worldwide income of $200,000 and a tentative U.S tax liability. Calculate the maximum allowable foreign tax credit. Please Cite IRS Tax Code.

Handling of personal health information : What are the HIPAA requirements for the handling of personal health information?

Bottlenecks in a variety of applications : How can the Theory of Constraints be applied to reduce bottlenecks in a variety of applications?

Prepare the income statement using absorption costing : Prepare the income statement using absorption costing. Please explain the difference in operating income between the two methods.

What is the budgeted overhead rate for the company : What is the budgeted overhead rate for the company? If Job #33133 had the costs listed below, what would be the total cost of Job #33133?

Do you think that australia could better address this issue : Aboriginal people are over-represented in the criminal justice and prison systems.

How much federal income tax they will save : How much Federal income tax they will save if Ella quits her job. Any tax benefits that might be available from the cost of the education.

Write about one body paragraph for steve jobs : Quality of three famous people who are Richard Branson, Steve Jobs, and Opera Winfrey.

Can peoples intentions to use alcohol tell us anything : PSY247 :Are the attitudes, subjective norms, and perceived behavioural control all related to general community members intention to use alcohol ?

User Account

All Pages