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4 Part 4 of 15 03 points eloos Pron The company applies overhead cost to jobs using direct labor-hours. For this year, the company's
4 Part 4 of 15 03 points eloos Pron The company applies overhead cost to jobs using direct labor-hours. For this year, the company's predetermined overhead rate of $11.25 per direct labor-hour was based on a cost formula that estimated $450,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded this year: a. Raw materials were purchased on account, $622,000. b. Raw materials used in production, $591,800. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $400,000; indirect labor, $150,000; selling and administrative salaries, $280,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing), $400,000 e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilities), $300,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. g. Jobs costing $1,360,750 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,330,000. The jobs cost $1,370,750 to manufacture according to their job cost sheets. 4. What is the total manufacturing overhead applied to production for this year? Manufacturing overhead applied $ 666,250 Check my work
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