Homework Answers
Correct Answer:
6: The correct formula for computing overhead rate is
Option D: estimated overhead for the activity / estimated use of the cost driver for the activity.
8: Total amount of Overhead assigned to the product is
Option D: $ 68,000
Working:
|
A |
estimated overhead |
$ 70,000 |
|
|
B |
Estimated cost drivers |
2500 |
hours |
|
C=A/B |
Overhead rate |
$ 28.00 |
per hour |
|
D |
E |
F =D+E |
||
|
Product A |
Product B |
Total overhead |
||
|
A |
hours utilised |
1350 |
1100 |
|
|
B |
Overhead rate |
$ 28 |
$ 28 |
|
|
C =A*B |
total overhead |
$ 37,800 |
$ 30,800 |
$ 68,600 |
End of answer.
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