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Foress Company estimated the following annual hours and costs: Expected annual direct labor hours Expected annual direct labor cost Expected machine hours Expected material cost
Foress Company estimated the following annual hours and costs: Expected annual direct labor hours Expected annual direct labor cost Expected machine hours Expected material cost for the year Expected manufacturing overhead 49,000 $735,000 23,520 $672,000 $1,176,000 Calculate predetermined overhead allocation rates using each of the four possible allocation bases provided. (Round material cost answers to 2 decimal places,e.g.15.25 and all other answers to o decimal places, e.9. 5,275.) o direct labor cost and direct Direct labor cost Machine hoursDirect material cost Direct labor hours Predetermined overhead allocation Determine the cost of the following job (number 253) using each of the four overhead allocation rates: (Round 125.) answers to O decimal places, e.g. Job 253 Direct materials Direct labor (140 hrs $3,600 $13/hr) $1,820 Machine hours used Direct labor hours Direct labor cost Machine hours Direct material cost Cost of Job No. 253
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