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Ch3 Problem 3-53 - 3-53(25 MINUTES 1 Quarter 1st 2nd 3rd...

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3-53 (25 MINUTES) 1. Quarter Predetermined Overhead Rate Calculations 1 st .................................................................. $8 per hour $400,000/50,000 2 nd ................................................................. 10 per hour $320,000/32,000 3 rd .................................................................. 8 per hour $200,000/25,000 4 th .................................................................. 10 per hour $280,000/28,000 2. February May Direct material ............................................. $600 $600 Direct labour ................................................ 340 340 Manufacturing overhead: 20 hrs × $8 per hr ............................ 160 20 hrs × $10 per hr .......................... 200 Total cost ..................................................... $1,100 $1,140 3. February May Total cost ..................................................... $1,100 $1,140 Markup (10%) ............................................... 110 114 Price .............................................................
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