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Apples Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 73% of the direct materials cost
Apples Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 73% of the direct materials cost and $25 per machine hour for the two departments, respectively. The cost per machine hour equals $4.70. The accountant has the following information available for a particular job:
Processing | Finishing | |
Machine Hours | 399 | 207 |
Direct Materials Cost | $503 | $407 |
What is the total manufacturing overhead applied to this job?
Round your answer to 2 d.p.
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