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worty [1.4K]
3 years ago
10

The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last

year was $200,000, and there were 40,000 machine hours budgeted. Job 84 was started and completed during the period. Direct materials costing $900 were incurred. Twenty-five direct labor hours were worked at a cost of $350, and 40 machine hours were incurred. What was the cost of Job 84?
Business
1 answer:
Pani-rosa [81]3 years ago
6 0

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 900 + 350 + 5*25= $1,375

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3 0
2 years ago
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Alla [95]

Answer:

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3 years ago
Attracting and retaining employees with the skills, abilities, and experience to help an organization achieve its goals is a key
Alenkasestr [34]

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Human resource management system is important for companies as it enables them to choose employees  that has the best skills and experience to move the company forward so as to enable the company  achieve their goals.

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6 0
2 years ago
Assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans becaus
seropon [69]

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This means that,

This situation is a problem of <u>cyclical asymmetry</u>.

8 0
3 years ago
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Iteru [2.4K]

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