Phiton Computer Company uses a job order costing system in which each batch manufactured is a different job. Phiton Computer Company assignes direct materials and direct labor to each job. The company assigns labor costs at $26 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhez prepared the following budget allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, the controller (Click the icon to view the budget) In November 2024, Philton Computer Company worked on several jobs. Records for two jobs appear here (Click the icon to view the records for the two jobs) Read the requirements Requirement 1. Compute Pritton Computer Company's predetermined overhead (OH) alocation rate for 2024 Predetermined CH location rate Requirement 2. Compute the total cost of each job Job 721 Total cost Job 722 Requirement 3. Why does Phion assign costs to jobs? Phton Computer Company assigns costs to jobs to help the company that cover at costs and contribute to prott Assigning costs to abo can help Photon Computer Company's predetermined c tal cost of each job. Job 721 Job 722 ilton assign costs to jobs? ssigns costs to jobs to help the company Data table (... Manufacturing overhead Direct labor costs Print $ $ Done 343,000 980,000 - X that cover all costs and contribute to profit. Assigning costs to mpany's predetermine job Job 722 s to jobs? Obs to help the company Data table Direct labor hours Direct materials Print Job 721 850 hours $ 20,200 $ Done Job 722 100 hours 2,700 - X that cover all costs and contribute to profit. Assigning costs to Computer Company's cost of each job. Job 721 Job 7 Requirements 4 1. Compute Philton Computer Company's predetermined overhead allocation rate for 2024 I 2. Compute the total cost of each job. 3. Why does Philton assign costs to jobs? en assign costs to jobs? ns costs to jobs to help the company Print Done - X that cover all costs and contribute to profit. Assigning costs to Requirement 2. Compute the total cost of each job. Job 721 Total cost Job 722 Requirement 3. Why does Philton assign costs to jobs? Philton Computer Company assigns costs to jobs to help the company Predetermined OH allocation rate that cover all costs and contribute to profit. Assigning costs to increase labor hours lower employee wages set sales prices e to profit. Assigning costs to also can help Philton a grouping of jobs individual jobs ANDERAUS Requirement 1, Compute Philton Computer Company's predetermined overhead (OH) allocation rate for 2024 Requirement 2. Compute the total cost of each job Job 721 Total cost Requirement 3. Why does Philton assign costs to jobs? Philton Computer Company assigns costs to jobs to help the company control costs Job 722 increase revenues CID Predetermined OH allocation rate that cover all costs and contribute to profit. Assigning costs to
