During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expenses, and operating data:.
Direct material (16,000 lb.) $ 160,000
Direct labor (at $17.50/hr.) 245,000
Indirect material 24,000
Indirect labor 44,000
Sales commissions 68,000
Factory administration 32,000
Non factory administrative expenses 40,000
Other manufacturing overhead* 96,000
*Provides for operating 61,250 machine hours.
a. Compute the predetermined factory overhead rate under three different bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours. (Round amounts to 2 decimal places.)
b. Assume that actual factory overhead was $308,000 and that Easton Incorporated elected to apply factory overhead to Work in Process based on direct labor hours.
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During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expen...
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