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cost accounting Question 1: Sitteco Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in Department Assembly and machine-hours
cost accounting
Question 1: Sitteco Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in Department Assembly and machine-hours in Department Machining. The following additional information is available: Budgeted Amounts Assembly Machining Direct labor cost $200,000 $165,000 Factory overhead $300,000 $180,000 Machine-hours 51,000 mh 30,000 mh Actual data for Job #10 Assembly Machining Direct materials requisitioned $10,000 $16,000 Direct labor cost $11,000 $14,000 Machine-hours 5,000 mh 3,000 mh Required: (3 MARKS) a. Compute the budgeted factory overhead rate for Assembly, (0.5 PTS) b. Compute the budgeted factory overhead rate for Machining. (0.5 PTS) c. What is the total overhead cost of Job 10? (1 PTS) d. If Job 10 consists of 50 units of product, what is the unit cost of this job? (1 PTS) Step by Step Solution
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