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Miskimen Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon
Miskimen Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. (Click the icon to view additional information) Read the requirements Requirement 1. What is Miskimen's predetermined manufacturing overhead rate based on direct labor (DL) cost? Determine the formula to calculate Miskimen's predetermined overhead rate based on direct labor costs, then calculate the rate Estimated yearly overhead costs/Estimated yearly direct labor cost-Predetermined overhead rate 364000 28000 | 13 |%ofDL cost Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labor cost to Job 371 Determine the formula to calculate the overhead to be allocated based on direct labor to Job 371, then calculate the manufacturing overhead allocated. (Round your answer to the nearest whole dollar.) Manufacturing Actual direct labor costs xPredetermined overhead rate overhead allocated 364000 28000 13 Requirement 3. What is the total cost of Job 371? Job 371 Direct materials Direct labor Manufacturing overhead Total job cost 15500 110 364000 379610
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