Homework Answers
1)
| Estimated overhead costs | / | Estimated direct labor hours | = | Predetermined OH allocation rate |
| $500000 | / | 200000 | = | $2.5 |
2)
| Predetermined OH allocation rate | * | Actual direct labor hours | = | Allocated mfg. overhead costs |
| $2.5 | * | 17500 | = | $43750 |
The overhead allocated in June is $43750
3)
| Estimated overhead cost | / | Estimated direct labor hours | = | Predetermined OH allocation rate | |
| Cutting | $200000 | / | 125000 | = | $1.60 |
| Sewing | $300000 | / | 150000 | = | $2.00 |
4)
| Cutting (10000*$1.60) | $16000 |
| Sewing (12500*$2.00) | 25000 |
| Total | $41000 |
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