1. Is the overhead under applied or overapplied? by how much? Chapter 19 Job Ord
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1. Is the overhead under applied or overapplied? by how much?
Chapter 19 Job Order Costing In December 2014. Shire Computer's management establishes the 2015 predetermined overbe based on direct labor cost. The information used in setting this rate includes estimates that the ce will incur $747,500 of overhead costs and $$75.000 of direct labor cost in year 2015. During March 20 Shire began and completed Job No. 13-56 1. What is the predetermined overhead rate for 2015? 2, Use the information on the following job cost sheet to determine the total cost of the job Tue JOB COST SHEET Cuapusor's NameKeiser Co Jah Deseription Job No. 13-56 5 plasma monitors-61 inch Overhead Costs Applied Direct Materials Direct Labor Date Requisition No. Amount Time-Ticket No. Amount Rate Amount Mar 8 Mar II Mar 18 Totals 4-129 4-142 4-167 $5,000 7.020 3,330 T-306 T-432 T-456 700 1,250 1.250Explanation / Answer
1 Predetrmined overhead rate = 747500/575000 130% 2 Direct material Direct labor Rate Overheads applied 08-Mar 5000 700 130% 910 11-Mar 7020 1250 130% 1625 18-Mar 3330 1250 130% 1625 Totals 15350 3200 4160
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