Required information [The following information applies to the questions displayed below.] Riverview Company's budget for the...
Required information
[The following information applies to the questions displayed below.]
Riverview Company's budget for the coming year includes $6,000,000 for manufacturing overhead, 50,000 hours of direct labor, and 250,000 hours of machine time.
If Riverview applies overhead using a predetermined rate based on machine-hours, what amount of overhead will be assigned to a unit of output which requires 0.5 machine hours and 0.25 labor hours to complete?
Multiple Choice
-
$12.00
-
$16.00
-
$ 6.00
-
$20.00
Homework Answers
Predetermined Overhead rate
= Estimated overhead/Estimated machine hours
= 6,000,000/250,000 = 24
Overhead assigned to a unit of output
= 24*0.5
= 12
Option A is the answer
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