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Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown
Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. Jurvin Enterprises uses a plantwide predetermined overhead rate of $23.40 per direct labor hour. This predetermined rate was based on a cost formula that estimated $280,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours, 3.58 The company incurred actual total manufacturing overhead cost of $267,000 and 12,500 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars. At the beginning of the year, Yancey made the following estimates: Direct labor dollars to support all productions Fixed overhead cost Variable overhead cost per direct labor dollar $ 8,560,000 $ 5,136.000 $ 0.10 Required: 1. Compute the predetermined overhead rate 2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs: Direct materials Direct labor cost $ 1,338,000 $ 2,568,000 Compute the total job cost for this particular film. Complete the question by entering your answers in the tabs given below
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