Homework Answers
| (a) | Direct labor hours basis is used : | ||
| Manufacturing overhead rate = Estimated manufacturing overhead / Estimated direct labor hours = 296772 / 353300 | 0.84 | per direct labor hour | |
| Manufacturing overhead applied to Job 792 = Direct labor hours used for Job 792 * Manufacturing overhead rate = 1580 * 0.84 | 1327.20 | ||
| (b) | Direct labor cost basis is used : | ||
| Manufacturing overhead rate = ( Estimated manufacturing overhead / Estimated direct labor cost ) * 100 = ( 296772 / 370965 ) * 100 | 80% | of direct labor cost | |
| Manufacturing overhead applied to Job 792 = Direct labor cost incurred for Job 792 * Manufacturing overhead rate = 1770 * 80% | 1416 | ||
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1 and 2 please
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1 and 2 please
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