Mathematics, 02.10.2019 16:30 aronandalp3yep6
wheeler’s bike company manufactures custom racing bicycles. the company uses a job order cost system to determine the cost of each bike. estimated costs and expenses for the coming year follow:
bike parts $ 344,800
factory machinery depreciation 62,500
factory supervisor salaries 135,000
factory direct labor 210,780
factory supplies 36,900
factory property tax 25,750
advertising cost 21,500
administrative salaries 53,500
administrative-related depreciation 21,700
total expected costs $ 912,430
required:
1. calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.71 per hour. (round your answer to 2 decimal places.)
2. determine the amount of applied overhead if 18,300 actual hours are worked in the upcoming year. (round your intermediate calculations to 2 decimals. round your final answer to the nearest whole dollar.)
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wheeler’s bike company manufactures custom racing bicycles. the company uses a job order cost system...
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