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100,000 is the machine hours for job 261 Heavy Metal Shop uses a job order cost system. It applies overhead to jobs based on machine
100,000 is the machine hours for job 261
Heavy Metal Shop uses a job order cost system. It applies overhead to jobs based on machine hours. The company's annual overhead was estimated at $3,500,000. The company expected to incur 100,000 machine hours during the year. The company's direct labor rate was $30 per direct labor hour. Job No. 261 incurred $25,000 of direct materials and 50 direct labor hours. (Use only whole dollars in your answer...no cents. Do not use a dollar sign-i.e. 100, 200, 300 , etc. as it has already been included in your answer) a) The value of direct materials charged to Job No. 261 was: $ b) The value of direct labor charged to Job No. 261 was: $ c) What is the predetermined overhead rate applied to all jobs during the year: $ d) The overhead applied to Job No. 261 was: $ Step by Step Solution
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