Banc Corporation Trust is considering either a bank-wide overhead rate or department overhead rates to allocate $398,000 of indirect costs. The bank-wide rate could be based on either direct labor-hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor-hours for Consumer Loans and a dual rate based on direct labor-hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department Consumer Commercial Multiple Choice O How much of the $398,000 indirect costs should be allocated to the Consumer Department, if Banc Corporation Trust uses a bank-wide rate based on the number of loans processed? Note: Round the bank-wide rate to the nearest dollar. $298,000 $298.500 $290.000 DLH 18,000 6,000 $108,000 Loans Processed 750 250 Direct Costs $ 290,000 $ 170,000

The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method, express the companys overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. Predict the overtime wages if 9,000 invoices are processed. Predict the overtime wages if 6,500 invoices are processed. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.

A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950

The predetermined overhead rate would be ?

X Associates undertake to prepare income tax returns for individuals for a fee. They use the weighted average method and actual costs for the financial reporting purposes. However, for internal reporting, they use a standard costs system. The standards, based on equivalent performance, have been established as follows : Labour per return 5 hrs @ $ 40 per hour Overhead per return 5 hrs @ $ 20 per hour For March 2018 performance, budgeted overhead is $ 98,000 for standard labour hours allowed. The following additional information pertains to the months of March 2018: Return-in-process (25% complete) 200 No. Return started in March March 1 March 31 825 Nos. Mar-31 Return-in-process (80% complete) 125 Nos. Cost Data: Mar-01 Return-in-process labour |- Overheads March 1 to 31 Labour : 4,000 hours |Overheads $12000 $5000 $1,78,000 |$90000 You are required to compute: (a) For each element, equivalent units of performance and the actual cost per equivalent unit. (b) Actual cost of…

Manufacturing overhead is applied based on budgeted direct labor hours. The direct labor budget indicates that 6,200 direct labor hours will be required during the year. The variable overhead rate is $4.10 per direct labor hour. The company's budgeted fixed manufacturing overhead is $92,500 per year, which includes depreciation of $18,400. All other fixed manufacturing overhead costs represent current cash flows. The predetermined overhead rate would be_.help

Manufacturing overhead is applied based on budgeted direct labor hours. The direct labor budget indicates that 6,200 direct labor hours will be required during the year. The variable overhead rate is $4.10 per direct labor hour. The company's budgeted fixed manufacturing overhead is $92,500 per year, which includes depreciation of $18,400. All other fixed manufacturing overhead costs represent current cash flows. The predetermined overhead rate would be_.

Anderson Manufacturing estimates direct labor costs and manufacturing overhead costs for the upcoming year to be $850,000 and $600,000, respectively. Anderson allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 19,000 hours and 7,500 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)

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What is the predetermined overhead allocation rate?