Question
The following information is available pertaining to Evan Division, that uses a plantwide overhead rate based on machine hours: Mixing Dept. Finishing Dept. Total Overhead
The following information is available pertaining to Evan Division, that uses a plantwide overhead rate based on machine hours:
| Mixing Dept. | Finishing Dept. | Total | |
| Overhead | $30,000 | $73,500 | $103,500 |
| Direct labor-hours | 4,000 | 1,250 | 5,250 |
| Machine-hours | 1,500 | 3,000 | 4,500 |
Production information pertaining to Job 501:
| Mixing Dept. | Finishing Dept. | Total | |
| Prime costs | $5,000 | $ 0 | $5,000 |
| Direct Labor-hours | 125 | 0 | 125 |
| Machine-hours | 5 | 4 | 9 |
| Units produced | 250 | 0 | 250 |
What are the total overhead costs assigned to Job 501?
| A. | $240 | |
| B. | $360 | |
| C. | $180 | |
| D. | $207 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Modern Accounting And Auditing Forms
Authors: Wendell
1st Edition
0882621769, 978-0882621760
