Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
| Total machine-hours | 40,000 | |
| Total fixed manufacturing overhead cost | $ | 344,000 |
| Variable manufacturing overhead per machine-hour | $ | 3.90 |
Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28
Multiple Choice
-
$750
-
$516
-
$984
-
$234
Homework Answers
Answer: $750
Explanation
Total manufacturing overhead cost = Total fixed manufacturing overhead cost + (Variable manufacturing overhead per machine- hour x Total machine-hours)
= $344,000 + ($3.90 x 40,000)
= $344,000 + $156,000
= $500,000
Predetermined overhead rate = Total manufacturing overhead cos / Total manufacturing overhead cos
= $500,000 / 40,000
= $12.50 per machine-hour
The amount of overhead applied to Job M759 = Predetermined overhead rate x Machine hours required
= $12.50 x 60
= $750
Add Answer to:
Beat Corporation uses a job-order costing system with a single
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