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Q# 2: Estimated cost and operating data for three companies for the upcoming year follow: Company 45,000 70,000 60,000 21,000 30,000 Manufacturing overhead cost. $536,000
Q# 2: Estimated cost and operating data for three companies for the upcoming year follow: Company 45,000 70,000 60,000 21,000 30,000 Manufacturing overhead cost. $536,000 315,000 $480,000 Predetermined overhead rates are computed using the following bases in the three companies: Overhead Rate Based On Company Z Direct materials cost .. . . Required 1. Compute the predetermined overhead rate to be used in each company during the upcoming year 2. Assume that Company X works on three jobs during the upcoming year. Direct labour-hours recorded by job are as follows: job 418, 12,000 hours; job 419, 36,000 hours; job 420, 30,000 hours. How much overhead cost will the company apply to work in process for the year? If actual overhead costs total 530,000 for the year, will overhead be under-or overapplied? By how much
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