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PLEASE ANSWER WILL THUMP UP!!!! Orange Ltd. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal
PLEASE ANSWER WILL THUMP UP!!!!
Orange Ltd. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $2,280,000 Estimated machine hours 120,000 On March 31 the following information was available: Description Direct materials Direct labour Machine hours Job # 3210 $13,200 $9,400 140 Job # 3211 $5,900 $4,200 60 Required: Use the job order costing system to answer the following questions. per machine hour. The predetermined plantwide overhead rate is $ The amount of overhead applied to Job 3210 is $ A The total cost of Job 3210, after overhead is applied, is $ A Job 3210 was completed and the client was billed cost plus 40%. The price charged for the job was $_ A The total cost of Job 3211, after overhead is applied, is $ A/ At the end of the year total actual machine hours were 127,000. Therefore, total overhead applied to all jobs for the year was $. A In addition, at the end of the year actual factory overhead was $2,508,000. Given this information, is factory overhead over-applied (enter OA), under- applied (enter UA), or neither (enter NA). Be sure to enter the correct letters! A Given the above information, the total over- or under-applied factory overhead for the year was $__ Enter your answer as a positive number. A/
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