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Royal Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made
Royal Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made the following estimates for this year.
Direct labor costs$9,900,000
Factory overhead costs$11,748,000
Direct Labor Hours$550,000
Machine Hours$660,000
(a) What is the budgeted overhead rate for the company? (Show your work)
(b) If Job #31255 had the costs listed below, what would be the total cost of Job #31255? (Show your work)
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