The amount of overhead allocated to a job that used 300 direct labor hours is $900.
<h3>Overhead allocated:</h3>
First step is to calculate the predetermined overhead rate per direct labor hour
Using this formula
Predetermined overhead rate=Estimated manufacturing overhead/Estimated direct labor hours
Predetermined overhead rate=$450,000/150,000
Second step is to calculate the overhead allocated
Overhead allocated=Predetermined overhead rate × Direct labor hours
Overhead allocated=$3×300
Overhead allocated=$900
Inconclusion the amount of overhead allocated to a job that used 300 direct labor hours is $900.
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The kind of example yohann is setting is passive income
Answer:
job T687 total cost 2,151 dollars
Explanation:
425,600 / 30,400 = 14 fixed overhead rate
14 fixed + 5 variable = 19
Job T687
<u>applied overhead:</u>
ovehread 20 machine hours x 19 = 381
now we add the three cost components for the total cost:
direct materials 590
direct Labor 1,180
overhead <u> 381 </u>
total 2,151
Answer:
(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)
L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.
Explanation:
In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.
When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.