Chap5&6AsgnBUS4113

Chap5&6AsgnBUS4113 - Amberton University BUS 4113...

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BUS 4113 – Accounting and Finance for Mangers Professor: Dr. Jonathan Schultz Name: Date: 07/3/2010 Chapter 5 : Triangle Catering assigns overhead to specific jobs based on direct labor hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated direct labor hours were 40,000. By the end of the year, actual overhead costs were calculated to be $525,000 and actual direct labor hours were 45,000. Required : A. Calculate the predetermined overhead rate. 500 000 / 40 000 = 12.50 $ 12.50 per direct labor hour B. How much overhead would be applied to a particular catering job that required 15 direct labor hours? 12.50* 15= 187.5 $ 187.5 overhead would be applied to a particular catering job that required 15 direct labor hours C. How much total overhead was applied during the year? 45 000* 12.50= 562 500 $ 562,500 total overhead applied during the year. D.
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Chap5&6AsgnBUS4113 - Amberton University BUS 4113...

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