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Licemer1 [7]
3 years ago
8

Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the year. Actual manufacturing

overhead was $9,400 and the company used 5,050 machine hours.
1. Calculate the predetermined overhead allocation rate using machine hours as the allocation base.
_______ / _________ = Predetermined overhead allocation rate
________/ __________ = ____ per machine hour
2. How much manufacturing overhead was allocated during the? year?
________ x ________ = overhead allocated
________ x _________ = ____________
Business
1 answer:
sineoko [7]3 years ago
8 0

Answer:

1.Predetermined overhead allocation rate = $2.10 per Machine Hour

2.Overhead allocated = $10,605

Explanation:

1.   Predetermined overhead allocation rate

using

Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate

=<u>$9,450</u> / <u>4,500 Machine Hours</u> = $2.10 per machine hour

Therefore,

Predetermined overhead allocation rate = $2.10 per Machine Hour

2. Manufacturing overhead allocated during the year

Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated

<u>5,050 machine hours</u> x <u>$2.10 per Machine Hour </u>=<u> $10,605 </u>

Therefore,

Overhead allocated = $10,605

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