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Problems b Order Costing (15 points) Perrigo Incorporated uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning
Problems b Order Costing (15 points) Perrigo Incorporated uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $240,000 and machine hours would be 8,000. The following information pertains to November of the current year: Job 10 Job 11 Work-in-process, Nov. 1 $16,000 $26,000 November production activity: Materials requisitioned $4,000 $4,800 Direct labor cost $2,400 $3,600 Machine hours 400 700 Labor hours 180 Actual manufacturing overhead cost incurred in November was $61,000. 120 Required: a. Compute the predetermined overhead application rate. b. Determine the total cost associated with Job 10. c. Determine the total cost associated with Job 11
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