obert Hermann, has developed the following information. Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $770,000.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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\table[[,Car,,Truck], [Estimated wheels produced, 40, 000,, 10,000], [Direct labor hours per wheel,,,3]] Total estimated overhead costs for the two product lines are $770,000. (a1) Your answer is correct. Calculate overhead rate. (Round answer to 2
decimal places, e.g. 12.25.) Overhead rate per direct labor hour eTextbook and Media Attempts: unlimited (a2) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to assign overhead
costs.
Transcribed Image Text:\table[[,Car,,Truck], [Estimated wheels produced, 40, 000,, 10,000], [Direct labor hours per wheel,,,3]] Total estimated overhead costs for the two product lines are $770,000. (a1) Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate per direct labor hour eTextbook and Media Attempts: unlimited (a2) Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to assign overhead costs.
oller, Robert Hermann, has developed the following information.
Car
Truck
Estimated wheels produced
40,000
10,000
Direct labor hours per wheel
1
3
Total estimated overhead costs for the two product lines are $770,000.
(a1)
Your answer is correct.
Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.)
Overhead rate
$
(a2)
eTextbook and Media
11.00
per direct labor hour
Attempts: unlimited
SUPPORT
Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor
Compute the
hours is used to assign overhead costs.
Transcribed Image Text:oller, Robert Hermann, has developed the following information. Car Truck Estimated wheels produced 40,000 10,000 Direct labor hours per wheel 1 3 Total estimated overhead costs for the two product lines are $770,000. (a1) Your answer is correct. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ (a2) eTextbook and Media 11.00 per direct labor hour Attempts: unlimited SUPPORT Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor Compute the hours is used to assign overhead costs.
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