Question 3: Sur Manufacturing is a small manufacturer that uses machine- hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2015 for the company and for Job 50: Company Direct materials Job 50 OMR 60,000 OMR 25,000 OMR 4,000 OMR 2,500 Direct labor Manufacturing overhead costs Machine hours OMR 72,000 90,000 1,350 During 2015, the actual machine-hours totaled 94,000, and actual overhead costs were OMR 71,000. Instructions (a) Compute the predetermined overhead rate. (b) Compute the manufacturing overhead applied. (e) Compute the total manufacturing costs for Job 50.
Question 3: Sur Manufacturing is a small manufacturer that uses machine- hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2015 for the company and for Job 50: Company Direct materials Job 50 OMR 60,000 OMR 25,000 OMR 4,000 OMR 2,500 Direct labor Manufacturing overhead costs Machine hours OMR 72,000 90,000 1,350 During 2015, the actual machine-hours totaled 94,000, and actual overhead costs were OMR 71,000. Instructions (a) Compute the predetermined overhead rate. (b) Compute the manufacturing overhead applied. (e) Compute the total manufacturing costs for Job 50.
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 1EB: Green Bay Cheese Company estimates its overhead to be $375,000. It expects to have 125,000 direct...
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