Trucks have the following predicted costs for the next year Rent $120,000 Insurance $5,000 Power $12,000 Direct Labor $80,000 Maintenance $15,000 Direct Materials $75,000 Labour hours for the year 10,000 Units of materials 50,000 What is the overhead recovery rate per labor hour? Cost up the full cost of the following job including overheads Labor 20 hours Materials 35 units Please show all your calculations r.

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter15: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....
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Trucks have the following predicted costs for the next year
Rent
$120,000
Insurance
$5,000
Power
$12,000
Direct Labor
$80,000
Maintenance
$15,000
Direct Materials
$75,000
Labour hours for the year
10,000
Units of materials
50,000
What is the overhead recovery rate per labor hour?
Cost up the full cost of the following job including overheads
Labor
20
hours
Materials
35
units
Please show all your calculationsr P
Transcribed Image Text:Trucks have the following predicted costs for the next year Rent $120,000 Insurance $5,000 Power $12,000 Direct Labor $80,000 Maintenance $15,000 Direct Materials $75,000 Labour hours for the year 10,000 Units of materials 50,000 What is the overhead recovery rate per labor hour? Cost up the full cost of the following job including overheads Labor 20 hours Materials 35 units Please show all your calculationsr P
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