Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 38,600 labor-hours. The estimated variable manufacturing overhead was $5.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,093,924. The actual labor-hours for the year turned out to be 35,800 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Lauren runs a chili restaurant in San Francisco. Her total revenue last year was $110,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food and other variable costs were $20,000.
Answers (1)
Why is a well-insulated building comfortable in both cold and hot weather
Answers (2)
Which of he following is the most important consideration when planning your budget A) budget for unexpected events in before expected expenses B) budget for fixed expenses before flexible expenses C) budget for expected rents before unexpected
Answers (1)
A person who has always enjoyed cooking may decide in late adulthood to have fewer elaborate dinner parties because they require so much time and energy, and instead focus on making simpler dishes that can be made well without too many steps, and
Answers (1)
Simonne is developing a program. She names a variable %due, but then recognizes that this name violates a variable naming convention. What naming convention does it violate? Variable names must be at least five characters in length.
Answers (1)
New Questions in Business
On November 1, 2018, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1., 2. & 3.
Answers (1)
A stock's price is simply the current market price, and it is easily observed for publicly traded companies.
Answers (1)
Why is important to have a personal financial so important
Answers (1)
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost of goods sold using FIFO for comparison purposes.
Answers (1)
Another benefit of planning ahead for the specific degree you want is A - the opportunity for college scholarships B - less free time to devote to other activities C - frequent searches online to find sources D - additional cost to the parents for
Answers (2)