Coronado Company estimates that annual manufacturing overhead costs will be $828,000. Estimated annual operating activity bases are direct labor cost $450,000, direct labor hours 45,000, and machine hours 90,000. Compute the predetermined overhead rate for each activity base.
Homework Answers
15-.06) Overhead rate:
Overhead rate per direct labor cost = 828000/450000 = 184% of labor cost
Overhead rate per direct labor hour = 828000/45000 = 18.4 per DLH
Overhead rate per machine hour = 828000/90000 = 9.2 per MH
15-07) Journal entry
| Date | Account titles and explanation | Debit | Credit |
| January | Work in process (50800*.73) | 37084 | |
| Manufacturing overhead | 37084 | ||
| February | Work in process (58000*73%) | 42340 | |
| Manufacturing overhead | 42340 | ||
| March | Work in process (65200*73%) | 47596 | |
| Manufacturing overhead | 47596 | ||
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