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nikklg [1K]
3 years ago
5

Mesa Corp. allocates overhead to production on the basis of direct labor costs. Mesa’s total estimated overhead is $450,000 and

estimated direct labor is $180,000. Determine the amount of overhead applied to a job which used $20,000 of direct labor.
Business
1 answer:
Oxana [17]3 years ago
6 0

Answer:

Allocated MOH= $50,000

Explanation:

Giving the following information:

Mesa’s total estimated overhead is $450,000 and estimated direct labor is $180,000. Determine the amount of overhead applied to a job which used $20,000 of direct labor

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 450,000/180,000

Predetermined manufacturing overhead rate= $2.5 per direct labor dollar

Now, we can allocate overhead:

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

Allocated MOH= 2.5*20,000

Allocated MOH= $50,000

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ren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the
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Answer:

Allocated costs Loin Chop= $5,590

Explanation:

Giving the following information:

Product - Pounds - Price/lb.

Loin chops 3,000lb $ 5.00/lb

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Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
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Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

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Fixed assets               $22,000

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Cost of sales                 $38,000

Gross margin                $50,000

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Net Profit                       $45,0000

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