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Company PR ZOOM uses a budgeted overhead allocation rate based on machine hours to compute the cost of its product. A total of $106,600
Company PR ZOOM uses a budgeted overhead allocation rate based on machine hours to compute the cost of its product. A total of $106,600 in manufacturing overhead and total machine hours of 20,500 are budgeted for 2021. At the end of 2021, total manufacturing overhead costs actually incurred were $120,000 and total machine hours actually worked were 20,000. Job # 625 required total direct materials of $1,615, total direct labor of $350, and total machine hours of 150. Calculate the budgeted manufacturing overhead allocation rate for 2021. a. $6.00. b. $5.33 c. $5.85365 d. $5.20
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