Skip to main content
A

Anonymous

Oct 26, 2024

​Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $ 770 comma 000 and $ 550 comma

Aaron, Inc. estimates its direct labor costs and manufacturing overhead costs for the upcoming year to be $770,000 and $550,000, respectively. The company allocates overhead costs based on machine hours. For the coming year, the estimated total labor hours are 20,000 hours, and the estimated machine hours are 5,000 hours. What is the predetermined overhead allocation rate? Please round your answer to the nearest cent.

0
Save

3 Answers

A
Anonymous

Feb 22, 2025

Estimated manufacturing overhead rate= $110 per machine hourExplanation:Giving the following information:Estimated manufacturing overhead costs= $550,000. Aaron allocates overhead costs based on machine hours. The estimated total machine hours= 5,000 ​hoursTo calculate the estimated manufacturing overhead rate we need to use the following formula:Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation baseEstimated manufacturing overhead rate= 550,000/5,000= $110 per machine hour
0
A
Anonymous

Feb 22, 2025

answer (b); /// a method of measuring the opinions of a large group of people by selecting a subset of the larger group, asking them a set of questions and then generalizing those responses;
0
M
Answerwinchell would use the residual method($120-$100)=$20;
0

Want to answer this question?

Join our community to share your knowledge!

Log in Sign up

Categories

Business Management Banking

Tags

Arithmetic Finance & Banking Management

Related Questions

8
CSS stands for Cybernet Slash Support or Cybernet Software Systems ?

What does CSS stand for: Cybernet Slash Support or Cybernet Software Systems? I came across a company located in T. Naga...

8
Does Wells Fargo Bank open on Sundays?

Does Wells Fargo Bank open on Sundays in Bakersfield, California, specifically at the intersection of White Lane and Gos...

1
Present and future values for different interest rates find the following values. compounding/discounting occurs annually. round your

Please find below the present and future values for different interest rates. Compounding and discounting occur annually...

5
What is a bank account nickname?

I’m trying to make my car payment online, and it’s asking for a bank account nickname. What does that mean, and what sho...

3
Why do all shareholders agree on the same goal for the financial​ manager? ?

What is the reason that all shareholders tend to agree on a common goal for the financial manager?

5
Career Explortion Help? (earn 10points best answer) – help soon. thx you! :?

According to the United States Business Administration, which section is considered the most crucial part of a strategi...

8
Identify the 27th term of an arithmetic sequence where a1 = 38 and a17 = -74. -20.5 -151 -22.75 -144

Identify the 27th term of an arithmetic sequence where the first term ( a_1 = 38 ) and the 17th term ( a_{17} = -74 ). T...

4
Promotional expenditures at the introduction stage of the product life cycle are best spent on A) to maintain brand loyalty or static

Promotional expenditures during the introduction stage of the product life cycle are best allocated to: A) maintaining b...

3
Presented below are selected account balances for Homer Winslow Co as of December 31, 2014. Instructions: Prepare closing entries

Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014. Instructions: Prepare the...

1
What is the answer to 21 lb/hand and 18 lb/foot?

Hello, I have a question: What is the answer to 21 lb/hand and 18 lb/foot? Could you please provide an explanation as we...