Pre determined Over head Rate : | ||||
Formula = Estimated yearly overhead costs / Estimated yearly direct labour hours | ||||
533000/41000 | ||||
13 | Per Hour | |||
Calculation of Manfacturing cost of Job 309. | ||||
Particulars | Amount | |||
Direct materials | $ 15,400.00 | |||
Direct labour | $ 3,300.00 | |||
(165 hours * 20) | ||||
Manfacturing overhead | $ 2,145.00 | |||
(165*Pre determined overhead rate ) | ||||
Total Job cost | $ 20,845.00 |
PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000...
Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $906,400 of manufacturing overhead cost, 41,200 of direct labor hours, and $1,153,600 of direct labor cost during the year (the cost of direct labor is $28 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Love It completed Job 307. The job used 155 direct labor hours and required $14,800 of direct materials. The City of...
E3-19A (similar to) Question Help * PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour) The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309 The job used 165 direct labor hours and required $15.400 of direct materials....
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