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13. Wings Co. budgeted $570,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted
13. Wings Co. budgeted $570,000 manufacturing direct wages, 3,000 direct labor hours, and had the following manufacturing overhead:
Overhead Cost Pool | Budgeted Overhead Cost | Budgeted Level for Cost Driver | Overhead Cost Driver | |||
Materials handling | $ | 188,000 | 4,700 | pounds | Weight of materials | |
Machine setup | 21,600 | 540 | setups | Number of setups | ||
Machine repair | 1,260 | 31,500 | machine hours | Machine hours | ||
Inspections | 12,400 | 310 | inspections | Number of inspections | ||
Requirements for Job #971 which manufactured 4 units of product:
Direct labor | 25 | hours |
Direct materials | 280 | pounds |
Machine setup | 30 | setups |
Machine hours | 16,500 | machine hours |
Inspections | 20 | inspections |
If Wings uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job #971 is:
Multiple Choice
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$800.00.
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$1,200.00.
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$1,860.50.
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$5,260.00.
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$7,442.00.
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