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 | $301,183 |
Direct labor | $446,491 |
Overhead | $509,000 |
Research & development | $100,000 |
Advertising | $52,000 |
Direct labor hours | 21,752 |
The following information is taken from the job cost sheet for Job A in 2018:
Direct | Direct | Direct | ||
Materials | Labor | Labor Hours | Overhead | |
Total | $58,850 | $93,500 | 709 | ?? |
How much overhead was allocated to Job A [round overhead rate(s) to
two decimal places]?
Overhead rate = Overhead/Direct labor = $509,000/$446,491
= $1.14
Overhead allocated to Job A = $93,500*1.14
= $106590
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