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Question 1: Sittcco Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in Department Assembly and machine-hours in Department
Question 1: Sittcco Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in Department Assembly and machine-hours in Department Machining. The following additional information is available: Budgeted Amounts Direct labor cost Factory overhead Machine-hours Assembly $200.000 $300,000 51.000 mh Machining $165.000 $180,000 30,000 mh Actual data for Job #10 Assembly Direct materials requisitioned$10,000 Direct labor cost $11,000 Machine-hours 5.000 mh Machining $16,000 $14,000 3.000 mh Required: (3 MARKS) a. Compute the budgeted factory overhead rate for Assembly. (0.5 PTS) b. Compute the budgeted factory overhead rate for Machining. (0.5 PTS) c. What is the total overhead cost of Job 10? (1 PTS) d. If Job 10 consists of 50 units of product, what is the unit cost of this job? (1 PTS) Activat Go to Set
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