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Blossom Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following
Blossom 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 2022 for the company and for Job 62: Company Job 62 Direct materials $74,400 $5,800 Direct labor $31,000 $4,200 Manufacturing overhead costs $94,860 Machine hours 111,600 1,740 During 2022, the actual machine hours totaled 117,800, and actual overhead costs were $87,600. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Predetermined overhead rate $ per machine hour Compute the total manufacturing costs for Job 62. Total manufacturing costs $ How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. Overhead $ If Blossom Manufacturing sells Job 62 for $17,800, compute the gross profit. Gross profit $
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