Rooftop Solar estimated the following annual costs: Expected annual direct labor hours 12,000 Expected annual direct...
Rooftop Solar estimated the following annual costs:
Expected annual direct labor hours 12,000
Expected annual direct labor cost $198,000
Expected machine hours 10,400
Expected material cost for the year $65,000
Expected manufacturing overhead $218,400
Job 612 used $350 of direct materials, 26 direct labor hours, and 14 machine hours. Actual labor cost is $17 per hour.
a. If Rooftop Solar allocates overhead based upon machine hours, how much is the overhead rate?
b. Determine the cost of job 612.
Homework Answers
A) Overhead rate = Estimated overhead / Estimated machine hours
= 218,400/10,400
= 21 per mh
B)
Total Cost = Direct Materials + Direct Labor + Manufacturing Overhead
= 350 + (26*17) + (14*21)
= 1086
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