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RideAnS [48]
3 years ago
15

Burton Company uses a normal costing system. The company uses direct labor-hours as the cost-allocation base. The following info

rmation is available for the company: Budgeted manufacturing overhead costs $2,000 Budgeted labor hours 800 Actual manufacturing overhead costs $1,500 Actual labor hours 500 Calculate the allocated direct manufacturing overhead costs of Job 56 if 10 direct-labor hours were used for the job.
Business
1 answer:
densk [106]3 years ago
3 0

Answer:

the allocated direct manufacturing overhead costs of Job 56 is $25

Explanation:

Overheads in manufacturing process are allocated to jobs or products using cost drivers or surrogates.

<em><u>First Step : Determine the Pre-determined Overhead rate</u></em>

Pre-determined Overhead rate = Budgeted Overheads / Budgeted Activity

                                                    = $2,000 / 800

                                                    = $ 2.50 per labor hour

<em><u>Step 2 : Determined the Amount of Overhead allocated to Job 56 based on labor hours utilised</u></em>

Overhead for Job 56 = Pre-determined Overhead rate × Hours Used

                                     = $ 2.50 × 10

                                     = $25

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5 0
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The required excel function which calculates the amount of commission for July is <em>=IF(B9>=275000, B9*0.26, B9*0.17)</em>.

  • The IF function in excel uses the syntax ; <em>=IF(condition, statement 1, statement 2)</em>

  • The first argument in the function is the condition which is to check if the value in <em>B9 is greater than or equal to 275000</em>.

  • Next argument is the statement to execute if the condition is true, which is to multiply the value in B9 by the commission percentage ; 26%

  • Next argument is the statement to execute if the condition is False, which is to multiply the value in B9 by 17%.

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