Question

Required information following in formatio plies to th ayed below he firm uses a job-order costing system, and d manufacturing o Burlington manufacturing ovethead is applied on the pasis of dire is $240,000 The firm employs 10 master clockmakers, who constitute the direct-labor force. Each of t employees s expected to work 2,000 hours durin anufactures fine, hand IS verhead for the year hich rep presents each employee's practical capacity The follwitg eye ents occurred during October ased 3,500 board feet of mahogany veneer at $11 per board foot b. wenty br c. ive gallons of glue wer ass counterweights were requisitioned for production. Each weight dost $ e requistioned for production. The glue cost $20 per gallon. Glue is treated as an indirect material d.Depreciation on the clockworks building for e.A $600utility bill was paid in cash f. Time cards showed the following usage of la er was $7000 bor Jobhumber G60 12 grandfathers clocks 1000 hours of direct labor obhumber C81 20 cuckoo dlocks, 700 hours of direct labor hermaster clockmakers (direct-labor personnel) earn $22 per hour The October property tax bill for $900 was re ceived but has not yet been paid in cash heir wag loys laborers who perform various tasks such as material handling and shop cleanup. T October amounted to $2.500 un in July, was finished in October The total cost of the job was $14.400 s clocks from job number G60 were sold in October for $1,500 each. ine o er Required 1. Caloula er ate for the year ir er per

Answer 1

	predetermined overhead rate
	Estimated manufacturing overhead/estimated direct labor hours
	240,000/(10*2000)
	12	per DLH	answer