all parts and how was it calculated plz
Homework Answers
1.
Estimated variable manufacturing overhead = $5 per machine hour
Estimated fixed manufacturing overhead = $150,000
Estimated machine hours = 5,000
Predetermined overhead rate = Estimated variable manufacturing overhead + Estimated fixed manufacturing overhead/Estimated machine hours
= 5+ 15,000/5,000
= 5+30
= $35 per machine hour
2.
Manufacturing overhead applied to Job 200 = Actual manufacturing overhead used in Job 200 x Predetermined overhead rate
= 4,000 x 35
= $140,000
3.
Actual manufacturing overhead = $130,000
Applied manufacturing overhead = $140,000
Over applied manufacturing overhead = Applied manufacturing overhead - Actual manufacturing overhead
= 140,000-130,000
= $10,000
4.
| Job Cost Sheet ( Job 200) | |
| Direct materials | 250,000 |
| Direct labor (12,500 x 15) | 187,500 |
| Applied manufacturing overhead | 140,000 |
| Total Cost | $577,500 |
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all parts and how was it calculated plz
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