Homework Answers
| Answer |
|
A) Direct labor hours = 486000 / 41 = 11853.66 labor hours |
| Predetermined Overhead Rate = $432000 / 11853.66 hours = $36.44 per DLH |
| b. Overhead applied on 4500 DLHs worked = 4500 * $36.44 = $163980 |
| Journal Entry : |
| Debit Work in Process $ 163980 |
| Credit Manufacturing Overhead $ 163980 |
| (being 4500 direct labor hours used and overhead applied @ $36.44 per DLH) |
| c. Overhead assigned to Job 466 : |
| Direct labor hours used on Job 466 = $540 / $41 =13.17 hours |
| Overhead assigned = 13.17 hours * $36.44 = $479.91 |
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