At the end of the year, the Comptroller accumulated the total actual costs and hours incurred by Department A and Department B during the year for the company. Using the information provided below, calculate the final overhead rates for both departments. Department A Department B Plant Total $337,000 $25,000 $362,000 Direct Material Cost $360,400 $99,000 $459,400 Direct Labor Cost $299,000 $495,000 $794,000 Department Overhead Cost 34,000 9,000 43,000 Direct Labor Hours 1,000 41,000 42,000 Machine Hours Department A: per direct labor hour Department B: per machine hour
At the end of the year, the Comptroller accumulated the total actual costs and hours incurred by Department A and Department B during the year for the company. Using the information provided below, calculate the final overhead rates for both departments. Department A Department B Plant Total $337,000 $25,000 $362,000 Direct Material Cost $360,400 $99,000 $459,400 Direct Labor Cost $299,000 $495,000 $794,000 Department Overhead Cost 34,000 9,000 43,000 Direct Labor Hours 1,000 41,000 42,000 Machine Hours Department A: per direct labor hour Department B: per machine hour
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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