Homework Answers
1. Option ( D ).
Predetermined manufacturing overhead rate is $23.68 calculated by dividing total manufacturing overheads both fixed and variable with allocated base ( direct labour hours). That is ($169400 + $67400 )/10000 hours results in $23.68 and multiplied with direct labour hours allocated to job T617 that is 90 hours. $23.68*90 hours= $2131.2
Total job cost for Job T617 is $1290 + $2880 + $2131.2 = $6301.2
2. Option ( D ).
Predetermined overhead rate of assembling is obtained by dividing total manufacturing overheads incurred for assembling with machine hours that is ($99000+$37800)/18000 hours=$7.6 . Predetermined overhead rate for assembling is multiplied with machine hours allocated on Job T617 that is $7.6*90 hours = $684.
Predetermined overhead rate for finishing department is obtained by dividing total manufacturing overheads incurred on finishing department both fixed and variable with direct labour hours that is ($70400+$29600)/8000 hours= $12.5 . Predetermined overhead rate is multiplied with direct labour hours allocated to job T617 that is $12.5*60 hours = $750.
Total manufacturing overheads applied to Job T617 is $684 + $750 = $1434
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