Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor...
Martin Company applies manufacturing overhead based on direct
machine hours. Martin estimates manufacturing overhead and labor
for the year follows: Estimated manufacturing overhead $120,000
Direct labor hours estimated 5,000 Estimated direct labor costs
$50,000 Estimated machine hours 6,000 Assuming the actual
manufacturing overhead cost and the actual activities for Job 201
is as follows: Actual manufacturing overhead $ 12,000 Direct labor
hours actual incurred 300 Actual direct labor costs totaled $ 9,800
Actual machine hours totaled 400 Instructions (a) Compute the
predetermined overhead rate. Please show your calculation. (b) What
is the amount of manufacturing overhead applied to Job 201? Please
show your calculation.
Homework Answers
Answer
A. Predetermined overhead rate = $120,000 / 6,000 hours
= $20 per machine hour
B. Manufacturing overhead applied to job 201
= $20 per machine hour * 400 machine hours
= $8,000
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Martin Company applies manufacturing overhead based on direct
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