Chase Inc uses a job order costing system The estimated manufacturing overhead for the year is $3,500,000 The company has decided to allocate the manufacturing overhead to products on the basis of direct labour cost The estimated direct labour costs for the year are $2,000,000 What is the pre determine fixed overhead rate that will be used to apply fixed manufacturing overhead to products Job 123 has accumulated $10,000 of direct materials and $20,000 of direct labour costs The rate per direct labour hour is $25 l How much manufacturing overhead will be applied to Job 123 m What is the total manufacturing cost of Job 123 Job 124 has accumulated $18,000 of direct materials and $60,000 of direct labour costs The rate per direct labour hour is $60 How much manufacturing overhead will be applied to Job 124 What is the total manufacturing cost of Job 124 Job 125 has accumulated $12,000 of direct materials and $25,000 of direct labour costs The rate per direct labour hour is $25 How much manufacturing overhead will be applied to Job 125 What is the total manufacturing cost of Job 125 At the end of the year over 40,000 different jobs were produced Actual manufacturing overhead costs amounted to $3,200,000 instead of the $3,500,000 estimated at the beginning of the year The actual direct labour costs amounted to $2,200,000 instead of the $2,000,000 estimated at the beginning of the year How much manufacturing overhead was applied to all of the 40,000 jobs Was the manufacturing overhead over or under applied By how much was the manufacturing overhead over or under applied

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Chase Inc. uses a job order costing system. The estimated manufacturing overhead for the year is $3,500,000. The company has decided to allocate the manufacturing

Chase Inc. uses a job order costing system. The estimated manufacturing overhead for the year is $3,500,000. The company has decided to allocate the manufacturing overhead to products on the basis of direct labour cost. The estimated direct labour costs for the year are $2,000,000.

What is the pre-determine fixed overhead rate that will be used to apply fixed manufacturing overhead to products?

Job # 123 has accumulated $10,000 of direct materials and $20,000 of direct labour costs. The rate per direct labour hour is $25.

l. How much manufacturing overhead will be applied to Job #123?

m. What is the total manufacturing cost of Job # 123 ?

Job # 124 has accumulated $18,000 of direct materials and $60,000 of direct labour costs. The rate per direct labour hour is $60.

How much manufacturing overhead will be applied to Job #124?
What is the total manufacturing cost of Job # 124 ?

Job # 125 has accumulated $12,000 of direct materials and $25,000 of direct labour costs. The rate per direct labour hour is $25.

How much manufacturing overhead will be applied to Job #125?.
What is the total manufacturing cost of Job # 125 ?

At the end of the year over 40,000 different jobs were produced. Actual manufacturing overhead costs amounted to $3,200,000 instead of the $3,500,000 estimated at the beginning of the year. The actual direct labour costs amounted to $2,200,000 instead of the $2,000,000 estimated at the beginning of the year.