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pshichka [43]
3 years ago
9

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

imated total overhead of $364,800; materials of 418,000 and direct labor of $228,000. During the year Adams incurred $426,000 in materials costs, $414,000 in overhead costs and $232,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.
Business
1 answer:
Ray Of Light [21]3 years ago
5 0

Answer:

Allocated MOH= $371,200

Explanation:

Giving the following information:

Estimated total overhead= $364,800

Estimated direct labor= $228,000.

Actual direct labor costs= $232,000

First, we need to calculate the estimated overhead rate:

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

Estimated manufacturing overhead rate= 364,800/228,000

Estimated manufacturing overhead rate= $1.6 per direct labor dollar

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.6*232,000= $371,200

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120x = 30,175

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