Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / The company applies manufacturing overhead to jobs using a pre determined overhead

The company applies manufacturing overhead to jobs using a pre determined overhead

 
I need help with this excersice. Can you please help?
Use Company uses a job-order costing system. The company applies manufacturing overhead to jobs using a pre determined overhead rate based on direct labor-hours.   Last year, manufacturing overhead and direct labor-hours were estimated at $80,000 and 16,000 hours respectively, for the year. In June , Job# 15 was completed. Materials costs on the job totaled $1500 and labor costs totaled $2400 at
$6 per hour. At the end of the year, it was determined that the company worked 15,000 direct labor-hours for the year, and incurred $78,000 in actual manufacturing overhead costs.
 
Required:
 
a. Determine the predermined overhead rate for the year.
 
b. Determine the amount of overhead charged to jobs during the year.
 
c. Determine the amount of underapplied or over applied overhead for the year.
 
d. Assuming that 100 units were completed, determine theunit cost that would appear on the job cost sheet for job #15.
 
Thank you if you can do this!

May 08 2018 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions