Costumes and props. its direct labor includes each film’s actors, directors, and extras. the company’s overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. yancey applies its overhead cost to films based on direct labor-dollars. at the beginning of the year, yancey made the following estimates: direct labor-dollars to support all productions $ 8,050,000 fixed overhead cost $ 4,830,000 variable overhead cost per direct labor-dollar $ 0.23 required: 1. compute the predetermined overhead rate. 2. during the year, yancey produced a film titled you can say that again that incurred the following costs: direct materials $ 1,284,000 direct labor cost $ 2,415,000 compute the total job cost for this particular film.

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe