Duggan Company applies manufacturing overhead to jobs on the basis of machine ho

Question

Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $342,360 for the year, and machine usage is estimated at 126,800 hours.

For the year, $360,097 of overhead costs are incurred and 131,800 hours are used.

A)

(a) Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $342,360 for the year, and machine usage is estimated at 126,800 hours. For the year, $360,097 of overhead costs are incurred and 131,800 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)

Explanation / Answer

$342,360/126,800 = $ 2.7 per machine hour

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