Henry Recycling recycles newsprint, cardboard, After the new fiscal year began, and so forth, into recycled...

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Henry Recycling recycles newsprint, cardboard, After the new fiscal year began, and so forth, into recycled packaging materials. Potter Paper Supply asked Henry Recycling to bid For the coming year, Henry estimates total manufacturing overhead to be $369,260. The companys managers are not sure if direct labor labor cost for this job will be $12 per hour, and the hours (estimated to be 9,980) or machine hours direct materials will total $25,200. (estimated to be 18,463 hours) is the best allocation base to use for allocating manufacturing Read the requirements overhead. Henry bids for jobs using a 30% markup over total manufacturing cost. for a job that will take 2,020 machine hours and 1,750 direct labor hours to produce. The direct 369,260 18,463 20 per hour Next we will calculate the total job cost. Job Sheet Direct materials Direct labor Manufacturing overhead Total job cost

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Answer 1

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1

Estimated yearly overhead costs	/	Estimated yearly Machine labor hours	=	Predetermined overhead rate

369,260	/	18,463	=	20.0	per hour

2

		Job Sheet
Direct materials		25200
Direct labor ( 1750 x 12)		35000
Manufacturing overhead ( 2020x20)		40400
Total job cost		100600

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Answer 2

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