Jeremy Corporation estimated manufacturing overhead costs for the year to be $510,000. Jeremy also estimated 9,000 machine hours and 3,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours. On January 31, Job 25 was completed. It required 4 machine hours and 4 direct labor hours.
a. What is the amount of manufacturing overhead allocated to the completed job?

$226.67

Explanation:

The amount of manufacturing overhead allocated to the completed job is a function of the machine hours used in completing the job. This is the basis for estimating the manufacturing overhead costs for the year.

As such, given that job 25 was completed in 4 machine hours, overhead allocated

= (4/9000) × $510,000

= $226.67

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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