Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please help! Irrather Corporation uses a job-order costing system with a single plantwide predetermins overhead rate based on direct labor-hours. The company based its predetermined

please help! image text in transcribed

Irrather Corporation uses a job-order costing system with a single plantwide predetermins overhead rate based on direct labor-hours. The company based its predetermined overhead re for the current year on the following data: Total direct labor-hours 50,000 Total fixed manufacturing overhead cost $ 285,000 Variable manufacturing overhead per direct labor-hour 3.80 Recently, Job P513 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 10 20 $ 710 $ 500 Required: a. What is the plantwide predetermined overhead rate for fixed manufacturing costs per direct-labor hour? b. What is the total plantwide predetermined overhead rate per direct-labor hour? c. What is the overhead allocated to Job P513? d. What is the total manufacturing cost of Job P513? If actual total direct labor-hours are 40,000 will applied overhead be over or under applied

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Hello, I am trying to learn this problem, Thank you!!!

Answered: 1 week ago