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Craftmore Machining reports the following budgeted overhead cost and related data for this year. table [ [ Activity , Budgeted Cost,Activity Cost Driver,Budgeted Activity
Craftmore Machining reports the following budgeted overhead cost and related data for this year.
tableActivityBudgeted Cost,Activity Cost Driver,Budgeted Activity UsageAssembly$Direct labor hours DLHProduct design,Engineering hours EHElectricityMachine hours MHSetupSetups,Total$
Required:
Compute a single plantwide overhead rate assuming the company allocates overhead cost based on direct labor hours.
Job used direct labor hours and Job used direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part
Compute an activity rate for each activity using activitybased costing.
Allocate overhead costs to Job and Job using activitybased costing.
tableActivity UsageActivity Cost Driver,Job Job Direct labor hours DLHEngineering hours EHMachine hours MHSetups
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Job used direct labor hours and Job used direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part
tablePlantwide Overhead Rate,Direct Labor Hours per Unit,tableOverheadAllocatedJob
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