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Subject: Cost Accounting Chapter : Job Order Costing _____________________________________________________________________________________________________________________________ Question 1 Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate

Subject: Cost Accounting

Chapter: Job Order Costing

_____________________________________________________________________________________________________________________________

Question 1

Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 40,000
Total fixed manufacturing overhead cost $ 344,000
Variable manufacturing overhead per machine-hour $ 3.90

Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to:

a) $984

b)

$516

c)

$234

d)

$750

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