Business, 28.09.2019 06:30 cuppykittyy

Jonathan mfg. adopted a job? costing system. for the current year, budgeted cost driver activity levels for direct labor hours and direct labor costs were 20,000 and $100,000, respectively. in addition, budgeted variable and fixed factory overhead were $50,000 and $25,000, respectively. actual costs and hours for the year were as follows: direct labor hours 21,000 direct labor costs $110,000 machine hours 35,000 for a particular job, 1,500 direct labor hours were used. using direct labor hours as the cost driver, what amount of overhead should be applied to this job?

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A pre-determined overhead rate is the rate used to apply manufacturing overhead to work-in-process inventory. The pre-determined overhead rate is calculated before the period begins. The first step is to estimate the amount of the activity base that will be required to support operations in the upcoming period. The second step is to estimate the total manufacturing cost at that level of activity. The third step is to compute the predetermined overhead rate by dividing the estimated total manufacturing overhead costs by the estimated total amount of cost driver or activity base. Common activity bases used in the calculation include direct labor costs, direct labor hours, or machine hours.

So
Predetermined oH rate is
(50,000+25,000)÷20,000=3.75

1,500 direct labor hours were used so
The amount of overhead should be applied to this job is
3.75×1,500=5,625

Good luck!

Jonathan mfg. adopted a job? costing system. for the current year, budgeted cost driver activity lev

Jonathan mfg. adopted a job? costing system. for the current year, budgeted cost driver activity lev

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

There is no graph so we cannot answer

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