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3 years ago

The following information is available pertaining to Iris Division that uses a plantwide overhead rate based on machine hours:

Business

1 answer:

Makovka662 [10]3 years ago

7 0

Answer:

Allocated MOH= $420

Explanation:

<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= 210,000 / 10,000

Predetermined manufacturing overhead rate= $21 per machine hour

<u>Now, we can allocate overhead to Job 101:</u>

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

Allocated MOH= 21*20

Allocated MOH= $420

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