-Based on the following, Tigerbob would like you to calculate a) the predetermined overhead rate and b) the manufacturing overhead assigned to Job 50. Tigerbob uses machine hours in the predetermined overhead rate calculation. Estimated Manufacturing Overhead Cost for Year $450,000 Estimated Machine Hours 12,000 Estimated Direct Labor Hours 2,000 Job 50 actual machine hours 15 Job 50 actual Direct Labor Hours 4
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
a)Predetermined overhead Rate is given by the formula,
b)Manufacturing overhead assigned is given by the forumla,
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