Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X [round overhead rate(s) to two decimal places]?
Allocation of OH to Product X | |||
Particulars | Amount | ||
Dept A | (806 x $ 78) | $ 62,868.00 | |
Dept B | (108 x $ 47.50) | $ 5,130.00 | |
$67,998.00 |
Workings:
Particulars | Dept A | Dept B | ||
Overhead | $ 3,900,000.00 | $ 1,900,000.00 | ||
Direct Labor hours | 50000 | 40000 | ||
Predetermined OH rate | $ 78.00 | $ 47.50 | ||
Is this correct?
Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was...
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