Question
(TCO 2) XYZ Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the
(TCO 2) XYZ 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 $15,000,000 Factory overhead costs $18,500,000 Direct Labor Hours $500,000 Machine Hours $1,000,000 (a) What is the budgeted overhead rate for the company? (Show your work) (b) If Job #33133 had the costs listed below, what would be the total cost of Job #33133? (Show your work) Material costs were $600,000; Direct labor costs were $750,000; Direct labor hours were 20,000; and Machine hours were 22,000. (Points : 30)
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