the ordon company manufactures products in two departments: mixing and packaging. the company allocates manufacuturing overhead...
the ordon company manufactures products in two departments: mixing and packaging. the company allocates manufacuturing overhead using a single plantwide rate with direct labor hours as the allocation base. estimated overhead costs for the year are $814,000,and estimated direct labor hours are 370,000. in october, the company incurred 55,000 direct labor hours. requirements 1. compute the predetermined overhead allocation rate.2.determine the amount of overhead allocated in october.#1.begin by selecting the formula to calculate the predetermined overhead allocation rate. thenenter to compute the allocation rate. #2 begin by selecting the formula to allocate overhead cost.
Homework Answers
| 1 | ||||
| Estimated overhead costs | / | Estimated qty of the allocation base | = | Predetermined OH allocation rate |
| 814000 | / | 370000 | = | 2.20 |
| 2 | ||||
| Predetermined OH allocation rate | X | Actual qty of the allocation base used | = | Allocated mfg.overhead costs |
| 2.20 | X | 55000 | = | 121000 |
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