The Lincoln Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rates are based on direct labor cost in Dept. A and machine-hours in Dept. B....


Please I want to learn how to make these problems with a good explanation. One of  those there is the possible answer.


I need only question 10


Thank you



The Lincoln Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined<br>overhead rates are based on direct labor cost in Dept. A and machine-hours in Dept. B. At the beginning of the year, the<br>company made the following estimates:<br>Estimates:<br>Dept. B<br>40,000<br>48,000<br>10,000<br>8,000<br>Dept. A<br>Direct labor cost (DLC)<br>Manufacturing Overhead<br>Direct labor hours<br>Machine hours (MHs)<br>$<br>$ 62,000 $<br>24<br>93,000 $<br>8,000<br>3,000<br>Actual results:<br>Job #23<br>DLC<br>$<br>300 $<br>200<br>MHs<br>10<br>25<br>Job #30<br>DLC<br>450 $<br>550<br>MHs<br>30<br>45<br>9 Total OH costs allocated to Job #23<br>$ 720<br>$ 510<br>$ 450<br>$ 600<br>А.<br>В.<br>С.<br>D.<br>E. None of the above<br>10 The Harrisburg Corporation sells a component for an industrial machine.<br>Selling price<br>Variable expense<br>2$<br>6.00 /unit<br>$ 2.00 /unit<br>Current Sales<br>10,000 units per month<br>Harrisburg found that the current net operating income is equal to 15% of current sales.<br>What is Harrisburg's fixed costs per month?<br>A<br>$31,000<br>В.<br>$40,000<br>$11,000<br>С.<br>D.<br>$9,000<br>E. None of the above<br>%24<br>

Extracted text: The Lincoln Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rates are based on direct labor cost in Dept. A and machine-hours in Dept. B. At the beginning of the year, the company made the following estimates: Estimates: Dept. B 40,000 48,000 10,000 8,000 Dept. A Direct labor cost (DLC) Manufacturing Overhead Direct labor hours Machine hours (MHs) $ $ 62,000 $ 24 93,000 $ 8,000 3,000 Actual results: Job #23 DLC $ 300 $ 200 MHs 10 25 Job #30 DLC 450 $ 550 MHs 30 45 9 Total OH costs allocated to Job #23 $ 720 $ 510 $ 450 $ 600 А. В. С. D. E. None of the above 10 The Harrisburg Corporation sells a component for an industrial machine. Selling price Variable expense 2$ 6.00 /unit $ 2.00 /unit Current Sales 10,000 units per month Harrisburg found that the current net operating income is equal to 15% of current sales. What is Harrisburg's fixed costs per month? A $31,000 В. $40,000 $11,000 С. D. $9,000 E. None of the above %24

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here