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X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs using a predetermined overhead rate based on machine hours. Assume X Company completed Job #2 in March 2015 and spent 100 machine hours on the job. It also used $50,000 of direct materials and $10,000 of direct labor to produce Job #2. Cost (Item) 2014 Actual 2015 Estimated 2015 Actual Machine hours 9,000 10,000 11,000 Manufacturing Overhead $184,500 $200,000 $209,000 What amount would X company assign to Job #2 in March (upon completion) as the total cost of Job #2? Do not enter dollar signs or decimal points. For example, enter $43,234 as 43234
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