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Metal Company budgeted $574,000 manufacturing direct wages, 4,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup
Metal Company budgeted $574,000 manufacturing direct wages, 4,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $ 306,000 23,200 1,240 21,000 Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup 20 hours 150 pounds 40 setups Budgeted Level for Cost Driver 5,100 pounds 580 setups 31,000 machine hours 350 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Machine hours 16,900 machine hours Inspections 15 inspections The total overhead of Job #971 under the Activity-Based Costing costing is:
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