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EXHIBIT 2 5 Dickson Company: An Example Using Multiple Predetermined Overhead Rates Step 1 : Calculate the estimated total manufacturing overhead cost for each department.
EXHIBIT Dickson Company: An Example Using Multiple Predetermined Overhead Rates
Step : Calculate the estimated total manufacturing overhead cost for each department.
Milling Department Overhead Cost Y $$ per MH times MHs
$ $
$
Assembly Department Overhead Cost Y $$ per DLH times DLHs
$ $
$
Step : Calculate the predetermined overhead rate in each department.
Milling Department Overhead Rate $ machinehours
$ per machinehour
Assembly Department Overhead Rate $ direct laborhours
$ per direct laborhour
Step : Calculate the amount of overhead applied from both departments to Job
Milling Department: Overhead Applied to Job
$ per MH times MHs
$
Assembly Department: Overhead Applied to Job
$ per DLH times DLHs
$
Step : Calculate the total job cost for Job
Milling Assembly Total
Direct materials $ $ $
Direct labor $ $
Manufacturing overhead applied $ $
Total cost of Job $
Step : Calculate the selling price for Job
Total cost of Job $
Markup $times
Selling price of Job $
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