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Category > Accounting Posted 16 Dec 2017 My Price 10.00

Calculate the predetermined overhead rate.

Please show all work, thanks.

 

The master mason company uses a job costing system.  For year 4, the firm estimated total overhead to be $40,000 and the number of direct labor hours to be $10,000.

 

a.  Calculate the predetermined overhead rate.

 

b.  Job 247 is a special order of 100 special bricks.  The work-in-progress inventory for this job shows raw materials cost of $4,600 and the direct labor costs of $7,600.  The firm has charged 1,200 direct labor hours to the job.  What is the total cost of Job 247? 

 

Thanks again,

Answers

CourseLover
(12)
Status NEW Posted 16 Dec 2017 01:12 PM My Price 10.00

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