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Requirea information (The following information applies to the questions displayed below.] Tarnish Industries produces miniature models...


Requirea information (The following information applies to the questions displayed below.] Tarnish Industries produces miniat
Requirea information (The following information applies to the questions displayed below.] Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: Direct labor hours Machine hours Molding 94,000 DLH 117,000 MH Finishing 179,500 DLH 100,500 MH Tarnish Industries uses departmental overhead rates and is planning on a $3 per direct labor hour overhead rate for the molding department. Compute the estimated manufacturing overhead cost for the molding department given the information shown in the table. 1 Multiple Choice o $820,500 $376,000 0 $282,000 0 o $351.000
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ReportAnswer #1

Total number of Direct Labor hours (Molding Department) = 94,000 DLH

Departmental overhead rate = $3 per DLH

Estimated Manufacturing Overhead cost = Total Direct labor hours * departmental overhead rate

Estimated Manufacturing Overhead cost = 94,000 DLH * $3 / DLH

Estimated Manufacturing Overhead cost = $282,000

Option '3' is correct

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