Gregory Company has identified three cost pools to allocate overhead costs. The following estimates are provided...
Gregory Company has identified three cost pools to allocate
overhead costs. The following
estimates are provided for the coming year:
Cost Pool Overhead Costs Cost driver Activity level
Supervision of direct labor $326,000 Direct labor-hours
900,000
Machine maintenance $132,000 Machine-hours 960,000
Facility rent $217,000 Square feet of area 100,000
Total overhead costs $675,000
The accounting records show the Mossman Job consumed the following resources: :
Cost drive. Actual level
Direct labor-hours 200
Machine-hours 1,500
Square feet of area 70
Under activity-based costing, what is the amount of machine maintenance costs allocated to the Mossman Job?
Homework Answers
Machine maintenance costs = Machine-hours x (Machine maintenance / Machine-hours)
= 1,500 x ($132,000 / $960,000)
= $ 206.25
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