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same question in both pictures. 18) Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the

same question in both pictures. image text in transcribed
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18) Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the Assembly applies overhead based on direct labor hours. The company made the following estimates at the beginning of the current year: Molding Assembly Manufactured budgeted overhead cost $ 700,000 $ 400,000 Machine hours 10,000 4,000 Direct labor hours 12,000 16,000 The following information was available for Job No. 7-29, which was started and completed during August: Job No. 7-29 Molding Assembly Direct materials $ 3,500 $ 7,500 Direct labor $ 9,000 $ 12,500 Direct labor hours 1,250 Machine hours 400 Focus Job No. 7-29 Molding Assembly Direct materials $ 3,500 $ 7,500 Direct labor $9,000 $ 12,500 Direct labor hours 900 1,250 Machine hours 500 400 The predetermined overhead rate for the molding department is? a) $ 100 b) $ 83 c) $ 70 d) $ 50 Answer: _(3 points)

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