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Determine the factory overhead cost of a job using Direct Labor Cost, Direct Labor Hour, 8 and Machine Hour Methods. Also indicate the total cost
Determine the factory overhead cost of a job using Direct Labor Cost, Direct Labor Hour, 8 and Machine Hour Methods. Also indicate the total cost of the job in each case. For all 3 cases Direct Materials Used is $10000 and Direct Labor Cost is $6400(9 points.) A) The direct labor cost method is used and the predetermined rate is 100%. Calculate the cost of factory overhead and the total job cost. B) The Direct Labor Hour Method is used in applying factory overhead and the rate is $15 an hour. The number of direct labor hours worked was 400. Calculate the cost of factory overhead and the total job cost C) The Machine Hour Method is used and the rate is $18.50 in applying factory overhead. The number of Machine hours on the job was 430. Calculate the cost of factory overhead and the total job cost
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