Homework Answers
answer.
overhead allocation cost = predetermined overhead rate * actual quantity of the overhead allocation base used by each job
overhead allocation to fabrication is machine hours at $0.25/MHs
overhead allocation to setting up cost is number of batches at $3.41/ batch
product oo uses 2250 MHs and 310 batches
formula for allocation of overhead
(machine hours used * allocation rate of MHs) + (number of batches * overhead rate of batch)
overhead cost for product Oo is
(2250 * 0.25) + (310 * 3.41) = 562.5 + 1057.1
overhead cost for product O0 is $1619.6
product O1 uses 16650 MHs and 1690 batches
thus overhead cost for product O1 is
(16650 * 0.25) + (1690 * 3.14) = 4162.5 + 5306.6
thus overhead cost for product O1 is $9469.1
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