1. Computation of Predetermined Overhead Rate |
Predetermined overhead Rate= Estimated Manufacturing Overhead/ Estimated Machine Hour |
=620000/77500= $8 per machine Hour |
2. Manufacturing OH Allocated= Machine Hour Used X predetermined Overhead Rate |
55000 Machine HourX $8=$440000 |
3.Computation of Manufacturing overhead Incurred | |
Depreciation on Manufacturing Plant | $480,000.00 |
Property Tax on Plant | $18,500.00 |
Plant Janitor's wages | $10,000.00 |
Total manufacturing Overhead Incurred | $508,500.00 |
Actual Machine Overhead Incurred= $508500 |
Manufacturing OH Allocated= $440000 |
Manufacturing OH under Allocated= $68500 |
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