Question
The Maverick company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor hours. the company based its predetermined
The Maverick company uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor hours. the company based its predetermined overhead rate for the current year on the following data.
Estimated total direct labor hours : $2,800
Estimated total fixed MOH cost : $35,000
Estimated variable MOH per direct labor hour : $2.34
Recently, Job D3 was completed with the following characteristics :
# of units in the job : 14
total direct labor hours: 200
direct material cost : $16,500
direct labor cost : $36,000
using the above info, calculate the following ( do not round answers)
1- estimated total MOH ?
2- predetermined overhead rate ?
3- applied manufacturing overhead for job D3
4- total job D3 cost ?
5- job D3 product cost ?
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