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LaFlame Corporation uses a job order costing system with a single plantwide predetermined overhead rate based...

LaFlame Corporation uses a job order costing system with a single plantwide predetermined overhead rate based on direct labor hours. The company’s predetermined overhead rate for the current year was based on the following data:

 Total fixed manufacturing overhead \$ 360,000 Variable manufacturing overhead per direct labor hour \$ 2.80 Total direct labor hours 50,000

How much overhead did LaFlame apply to Job 123 if 500 direct labor hours were used on the job?

 a. \$140,000 b. \$5,000 c. \$1,400 d. \$3,600

b) \$5000

Explanation:

Estimated total manufacturing overhead cost = Estimated total fixed manufacturing overhead cost + (Estimated variable overhead cost per unit of the allocation base × Estimated total amount of the allocation base)

= \$360,000 + (\$2.80 per direct labor-hour × 50,000 direct labor-hours) = \$360,000 + \$140,000 = \$500,000

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base

= \$500,000 ÷ 50,000 direct labor-hours

= \$10.00 per direct labor hour

Now, overhead assigned to job 123 = \$10.00 x 500 hours = \$5000

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