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    smithjoe1985's Avatar
    smithjoe1985 Posts: 1, Reputation: 1
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    #1

    Jun 6, 2012, 02:14 PM
    What is the predetermined overhead rate?
    Cost of subcontracted work (comparable to direct materials) $ 231,000
    Direct staff costs (comparable to direct labor) $ 75,500
    Studio overhead (comparable to manufacturing overhead cost applied) $ 120,800
    Cost of work completed (comparable to cost of goods manufactured) $ 388,500

    --------------------------------------------------------------------------------

    What Predetermined overhead rate %

    What are the following
    Job Cost Sheet
    Lexington Gardens Project
    Costs of subcontracted work $ ?
    Direct staff costs ?
    Studio overhead ?

    --------------------------------------------------------------------------------

    Total cost to January 31 $ ?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 6, 2012, 03:32 PM
    Quote Originally Posted by smithjoe1985 View Post
    Cost of subcontracted work (comparable to direct materials) $ 231,000
    Direct staff costs (comparable to direct labor) $ 75,500
    Studio overhead (comparable to manufacturing overhead cost applied) $ 120,800
    Cost of work completed (comparable to cost of goods manufactured) $ 388,500

    --------------------------------------------------------------------------------

    What Predetermined overhead rate %

    What are the following
    Job Cost Sheet
    Lexington Gardens Project
    Costs of subcontracted work $ ?
    Direct staff costs ?
    Studio overhead ?

    --------------------------------------------------------------------------------

    Total cost to January 31 $ ?
    Much of answering this question requires regurgitation but a predetermined overhead rate is not given among the facts so you must disern that overhead applied has been calculated using the rate and that it is probably related to direct labour
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