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Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for
Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 70,000 $294,000 $ 2.30 Recently, Job M825 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 20 80 $ 665 $1,840 The amount of overhead applied to Job M825 is closest to: (Round your intermediate calculations to 2 decimal places.)
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