Application of Overhead Budgeted Total Manufacturing Overhead for 2020 =$400,000 Budgeted Total Machine hours for 2020=50,000...
Application of Overhead
Budgeted Total Manufacturing Overhead for 2020 =$400,000
Budgeted Total Machine hours for 2020=50,000
POHR= ?
Actual Use of Machine Hours for Two jobs were as follows:
Job #1 machine hours-1600 hours
Job #2 machine hours-1000 hours
Total machine hours=?
What is the Manufacturing Overhead Applied for each job?
What is the Total Manufacturing Overhead Applied?
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Homework Answers
Budgeted Total Manufacturing Overhead for 2020 = $400,000
Budgeted Total Machine hours for 2020 = 50,000
Predetermined overhead rate = Budgeted Total Manufacturing Overhead for 2020/ Budgeted Total Machine hours for 2020
= 400,000/50,000
= $8 per machine hour
Actual machine hours used for Job#1 = 1,600 hours
Actual machine hours used for Job#2 = 1,000 hours
Total machine hours = Actual machine hours used for Job#1 + Actual machine hours used for Job#2
= 1,600+1,000
= 2,600
Manufacturing overhead applied for Job#1 = Actual machine hours used for Job#1 x Predetermined overhead rate
= 1,600 x 8
= $12,800
Manufacturing overhead applied for Job#2 = Actual machine hours used for Job#2 x Predetermined overhead rate
= 1,000 x 8
= $8,000
Total Manufacturing Overhead Applied = Manufacturing overhead applied for Job#1+ Manufacturing overhead applied for Job#2
= 12,800+8,000
= $20,800
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Application of Overhead
Budgeted Total Manufacturing Overhead for 2020 =$400,000
Budgeted Total Machine hours for 2020=50,000...
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