Predetermined variable overhead rate 312000 156 per

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Predetermined Variable Overhead Rate = $312,000 = $1.56 per Direct labor-hour. 200,000
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Fixed Manufacturing overhead = 0.70 × $1,040,000 = $728,000 Predetermined Fixed Overhead Rate = $728,000 = $3.64 per Direct labor-hour. 200,000 c. Work-in-Process inventory Materials inventory : $137,200 + $93,000 + $94,000 = $324,200 Wages payable : $490,000 + $312,400 + $197,600 = $1,000,000 Variable manufacturing overhead : $38,220 + $24,367 + $15,413 = $78,000 Fixed manufacturing overhead : $89,180 + $56,857 + $35,963 = $182,000 d. Actual Normal Sales revenue $ 1,400,000 $ 1,400,000 Less cost of goods sold (1,282,200) (1,241,224) Gross margin $ 117,800 $ 158,776 Less:(Under-) overapplied overhead (11,200) Marketing and Administrative costs (112,000) (112,000) Operating profit (Loss) $ 5,800 $ 35,576
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  • Spring '08
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