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Granger Manufacturing Company expects annual manufacturing overhead to be $1,680,000. The company also expects 84,000 direct labor hours costing $2,100,000 and machine run time of
Granger Manufacturing Company expects annual manufacturing overhead to be $1,680,000. The company also expects 84,000 direct labor hours costing $2,100,000 and machine run time of 42,000 hours. Calculate predetermined overhead allocation rates based on direct labor hours, direct labor cost, and machine time. (Round direct labor cost to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 5,275.) Direct labor hours Direct labor cost Machine time Predetermined overhead allocation $ $ $ Crown Point, Co. is a steel fabricator, and job 325 consists of producing 500 steel supports for Steering Company. Overhead is applied on the basis of direct labor hours, using a predetermined overhead rate of $40 per hour. Direct costs associated with Job 325 are: direct materials, $14,000; direct labor, 400 hours at $16 per hour. Calculate the cost of Job 325. Cost of Job 325 $
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