The following information is available pertaining to Iris Division that uses a traditional (plantwide) overhead rate...
The following information is available pertaining to Iris Division that uses a traditional (plantwide) overhead rate based on direct labor hours:
|
Total |
|
|
Overhead |
$210,000 |
|
Direct labor-hours |
170,000 |
|
Machine-hours |
400,000 |
Job 101 used the following resources
|
Direct costs |
$10,000 |
|
Direct Labor-hours |
450 |
|
Machine-hours |
300 |
|
Units produced |
500 |
What are the total overhead costs assigned to Job 101?
Homework Answers
Total overhead costs assigned to Job 101 = ($210,000/170,000) x 450 = $555.88
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