Norton Associates is an advertising agency in Austin, Texas. The company controller estimated
that it would incur $504,000 in overhead costs for the current year. Because the overhead cost of
each project change in direct proportion to the amount of direct professional hours incurred, the
controller decided that overhead should be applied on the basis of professional hours. The
controller estimated 28,000 professional hours for the year. During October, Norton incurred the
following costs to make a 20-second TV commercial for Central Texas Bank: Direct materials
$38,000 Direct Professional hours ($50/hour) 1,800 the industry customarily bills customers at
150% of total cost. Required 1. Compute the predetermined overhead rate. 2. What is the total
amount of the bill that Norton will send Central Texas bank?.
Python Notes for mca i year students osmania university.docx
Norton Associates is an advertising agency in Austin, Texas. The com.pdf
1. Norton Associates is an advertising agency in Austin, Texas. The company controller estimated
that it would incur $504,000 in overhead costs for the current year. Because the overhead cost of
each project change in direct proportion to the amount of direct professional hours incurred, the
controller decided that overhead should be applied on the basis of professional hours. The
controller estimated 28,000 professional hours for the year. During October, Norton incurred the
following costs to make a 20-second TV commercial for Central Texas Bank: Direct materials
$38,000 Direct Professional hours ($50/hour) 1,800 the industry customarily bills customers at
150% of total cost. Required 1. Compute the predetermined overhead rate. 2. What is the total
amount of the bill that Norton will send Central Texas bank?
