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Setler [38]
3 years ago
5

Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu

tes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
Casting Customizing
Machine-hours 20,600 16,600
Direct labor-hours 7,100 8,300
Total fixed manufacturing overhead cost $140,080 $83,000
Variable manufacturing overhead per machine-hour $2.40
Variable manufacturing overhead per direct labor-hour $4.80

During the current month the company started and finished Job T138. The following data were recorded for this job: Job T138: Casting Customizing Machine-hours 80 30 Direct labor-hours 9 60 The amount of overhead applied in the Customizing Department to Job T138 is closest to:_________
Business
1 answer:
seropon [69]3 years ago
8 0

Answer:

Allocated MOH= $888

Explanation:

Giving the following information:

The Customizing Department’s predetermined overhead rate is based on direct labor-hours.

Customizing

Direct labor-hours 8,300

Total fixed manufacturing overhead cost $83,000

Variable manufacturing overhead per direct labor-hour $4.80

Job T138:

Direct labor-hours 60

<u>First, we need to calculate the predetermined overhead rate:</u>

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

Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8

Predetermined manufacturing overhead rate= $14.8 per direct labor hour

<u>Now, we can allocate overhead to Job 138:</u>

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

Allocated MOH= 14.8*60= $888

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