X Company, a manufacturer, uses a plantwide overhead allocation system with direct labor as the cost driver. The following is budgeted total cost and activity information in 2018:
Direct materials | $291,758 |
Direct labor | $510,577 |
Overhead | $531,000 |
Research & development | $110,000 |
Advertising | $59,000 |
Direct labor hours | 24,698 |
The following information is taken from the job cost sheet for Job A in 2018:
Direct | Direct | Direct | ||
Materials | Labor | Labor Hours | Overhead | |
Total | $44,770 | $88,000 | 747 | ?? |
How much overhead was allocated to Job A [round overhead rate(s) to
two decimal places]?
Answer = $91,520
Plant wide overhead Rate = Overhead Labor cost = $,531,000/510,577 =104%
Overheads allocated to Job A = Labor cost * Overhead Rate = 88,000*104% =$91,520 (Answer)
X Company, a manufacturer, uses a plantwide overhead allocation system with direct labor as the cost...
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Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $13.00 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 64,200 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials ? Direct labor ? Manufacturing overhead applied ? Total job cost $ 1,620,000 Job Omega Direct...
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