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Q6 Dougan, Inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. Employees are paid $12.00 per hour. Job 24

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Q6 Dougan, Inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. Employees are paid $12.00 per hour. Job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. Employees worked a total of 17.5 hours to complete the job. Actual manufacturing overhead costs totaled $80,000 for the year for the company. How much is the cost of Job 24 ? (a) $273. (b) $105. (C) $315 (d) $777. Q7 Why do companies, using job order costing to estimate manufacturing overhead costs, allocate them to individual jobs and products? (a) The actual overhead costs are not determinable. (b)It enables the company to determine the approximate cost of each job as it gets completed. (c) Manufacturing overhead is a period cost, not a job or product cost. (d) It is more accurate to estimate costs

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