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Accounting 203 Quiz #6 Name Corporation uses a job-order costing system with a single plantwide predetermined Prather overhead rate based on direct labor-hours. The company
Accounting 203 Quiz #6 Name Corporation uses a job-order costing system with a single plantwide predetermined Prather overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 50,000 285,000 S 3.80 Recencly, Job P513 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 10 20 s 710 S 500 Required a. What is the plantwide prodetermined overhead rate for fixed manufacturing costs per direct-labor hour? b. What is the total plantwide predetermined overhead rate per direct-labor hour? c. What is the overhead allocated to Job P5132 d. What is the total manufacturing cost of Job P513? e. If actual total direct labor-hours are 40,000 will applied overhead be over or under applied
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