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Question 3 (answe requirements a, b and c) (S points for part a, 6 points for part b, and 5 points for c) Hudson Incoporated
Question 3 (answe requirements a, b and c) (S points for part a, 6 points for part b, and 5 points for c) Hudson Incoporated currently uses a job-order costing system and applies manufacturing overhead with a predetermined overhead rate based on direct labor-hours. Estimated manufacturing overhead and direct labor-hours were estimated at $97,680 and 26,400 hours, respectively, for the year. In March, Job #101 was completed; the job used 420 actual labor hours at a cost of $6.20 per hour, Materials costs on the job totaled $5,200. At the end of the year, it was determined that the company worked 30,800 acutal direct labor-hours for the year and incurred $107,660 in actual manufacturing overhead costs. Required: a. Determine Hudson's predetermined overhead rate: b. If job #101 contained 100 units. Determine the unit product cost for this job: .Dermine the underapplied or oveapplied overhead for the year
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