Homework Answers
a) Pre-determined rate = estimated overhead / estimated machine hours
= 600,000 / 50,000
= $12 per machine hour
b) Cost of Job #101 = Direct Material + Direct labor + overhead
= 150 + 470 + ($12 per machine hour * 10 machine hours)
= $740
c) Over applied overheads = overheads applied - actual overheads incurred
= 600,000 - 591,000
= $9,000
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Can you please add steps as to how the numbers were computed? Thanks Job Order Costing...
Can you please add steps as to how the numbers were computed?
Thanks
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Can you please add steps as to how the numbers were computed?
Thanks
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