Scannell Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $1,515,000 in total manufacturing overhead costs in the upcoming year and will use 15,000 machine hours.

What is manufacturing overhead allocated? and the total job cost?

Scannell Industries manufactures a variety of custom products. The company has traditionally used a plantwide Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows company estimates that it will cr $1,515,000 in total manufacturing overhead costs in the upcoming year and will use 15,000 machine hours. ng the year, Job 350 is started and completed. Usage for this job follows: Click the icon to view the additional information about the hazardous waste disposal fees.) lick the icon to view the usage for Job 350.) Read the requirements. iety of custom products. The company has traditionally used a plantwide machine hours to allocate manufacturing overhead to its products. The 515 Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows Click the icon to view the expected usage and costs.) lows infd Data Table Job Estimated Activity for this Year Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal Total overhead cost hea Estimated Cost Cost Driver verhead, mfg.manufacturing 150,000 Number of machine hours 15,000 3,000 4,500 ts 60,000 Number of change orders 1,305,000 Pounds of hazardous materials generated 1,515,000 ates that it will incur $1,515,000 in total manufacturing overhead costs in the upcoming year and During the year, Job 350 is started and completed. Usage for this job follows: machine hours con to view the additional information about the hazardous waste for Job 350.) Data Table 1. Calculate the cost of Job 350 using the traditional plantwide lating the plantwide overhead rate. First identify the formula use nated manufacturing costs 280 pounds of direct materials at $65 per pound 50 direct labor hours used at $45 per labor hour 120 machine hours used 6 change orders 90 pounds of hazardous waste generated tions used: MOH-manufacturing overhead, r Estimated total machine 1,515,000 15,000 ost of Job 350 Requirement 1. Calculate the cost of Job 350 using the traditional plantwide manufacturing overhead rate based on machine hours man a tunn used M H turn overhead m manut Abbr a on the ormula used to compute the plan de overhead rate. then compute the ra e Begin by calculating the plant ide overhead rate. First ident Estimated total machine hoursPlantwide mfg. overhead rate Total estimated manufacturing costs I 1,515,000 15,000 101 Calculate the cost of Job 350. Job Cost Record JOB 350 Direct materials Direct labor Manufacturing overhead allocated Total job cost Manufacturing Costs 18200 2250