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answer asap its my test Twizzle Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs.
answer asap its my test
Twizzle Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2020 for the company and for Job 62: Company Job 62 Direct materials........ $60,000 $4,000 Direct labour ........... $25,000 2,500 Manufacturing overhead costs ......... $72,000 Machine hours......... 90,000 mh 1,350 mh During 2020, the actual machine hours totalled 94,000, and actual overhead costs were $71,000. Instructions a) How much is the predetermined overhead rate? b) How much are total manufacturing costs of job 62? c) How much overhead is over or under applied for the year for the company? State amount and whether it's over or under. d) If Twizzle Manufacturing sells Job 62 for $16,000, how much is gross profit Step by Step Solution
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