0 points tuve Corporation makes use of a job-order costing applies man abor-hour

Question

0 points tuve Corporation makes use of a job-order costing applies man abor-hours. Last year manufacturing overhead and direct labor-hours were completed. Materials costs on the job totaled $5,900 and labor costs totaled $3,381 at $6.90 per hour. At the end of the year, it worked 34,350 direct labor-hours for the year and incurred $141,890 in actual manufacturing overhead costs. c syctem. Altive appleg manufacturing overthead to jobs using a predetermined overhead rate based on direct and 28,300 hours, respectively, for the year. In June, Job #461 wa Required: a Job #461 contained 100 units. Determine the unit product cost that would appear on the job cost sheet. b. Determine the underappled or overapplied overhead for the year

Explanation / Answer

Pre-determined OH rate: Estimated Overheads 124520 Divide: Estimated DLH 28300 OH rate per DLH 4.4 Req a: Unit product cost of Job461: Material cost 5900 labour cost 3381 Overheads cost 2156 (490 DLH at 4.40 per hour) Total cost 11437 Divide: Number of units 100 Unit product cost of Job461: 114.37 Req b: Under/Over-applied Overheads: Overheads Incurred 141890 Less: Overheads applied 151140 (34350 labour hours @ 4.40 per hour) Over-applied Overheads 9250

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