HiTech, Inc. selected machine hours as the activity base. The estimate of annual overhead costs for...
HiTech, Inc. selected machine hours as the activity base. The estimate of annual overhead costs for its jobs was $1,175,000. The company used 1,200 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1,200,000. The budgeted machine hours for the year totaled 25,000. As such, how much overhead should be applied to Job No. B12?
Select one:
a. $56,400
b. $ 979
c. $58,800
d. $ 1,000
e. $57,600
Homework Answers
Predetermined Overhead rate
= Estimated overhead / Estimated machine hours
= 1,175,000 / 25,000
= 47 per mh
Overhead applied = 1200 hrs * 47
= 56,400
Option A
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