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Please help me solve this. Holiday Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on
Please help me solve this.
Holiday Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $970,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. Click the icon to view the additional information about the hazardous waste disposal fees.) expected usage and costs for manufacturing overhead activities for the upcoming year are as follows: (Click the icon to view the expected usage and costs.) During the year, Job 356 is started and completed. Usage for this job follows: (Click the icon to view the usage for Job 356.) Read the requirements. ACLIVILY CUST I = Total est activity cost pool 400,000 Mach, maintenance Eng. change orders Waste disposal $ $ Total est. activity allocation base 10,000 3,000 allocation rate per MH 50 per order 280 per pound 150,000 420,000 = = $ $ 1,500 Calculate the cost of Job 356 using activity-based costing. Job Cost Record JOB 356 Maintenance costs Manufacturing Costs 1200 450 16,800 Engineering costs Waste disposal costs 19650 Total job cost the ::: Cick the icon to view the usage for Job 56 0 Data Table Estimated Activity for this Year Description of Cost Pool Estimated Cost Cost Driver 400,000 Number of machine hours. 10,000 Machine maintenance costs...... Engineering change orders ........$ 3,000 Hazardous waste disposal ........ 150,000 Number of change orders 420,000 Pounds of hazardous materials generated .. 970,000 1,500 Total overhead cost............... El Print Done ] i Data Table PUSL rate per! 282 per per 290 pounds of direct materials at $35 per pound 20 direct labor hours used at $20 per labor hour 60 machine hours used 9 change orders 60 pounds of hazardous waste generated Print Done TOGOUTStep by Step Solution
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