Problem 4-26 (Part Level Submission) Coronado Company produces h microscopes for

Question

Problem 4-26 (Part Level Submission) Coronado Company produces h microscopes for education and health care uses. The company uses a job order costing system. Because uire significant manual labor to ensure adherence to strict manufacturing specifications, the company of direct labor hours. At the beginning of 2017, the company estimated its manufacturing total of 64,667 direct labor hours. During March, the company worked on overhead would be $1,940,000 and that employees would work a the following five jobs: Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job 134 158 212 287 301 Total Balance March March March $118,700 121,550 21,600 34,450 $3,000 2,400 86,200 71,900 18,910 $182,410 $8,300 12,190 36,000 31,890 21,845 $110,225 160 250 3,400 2,760 1,420 7,990 $296,300 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers comple Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. (a) Calculate the predetermined overhead rate used by Coronado Company in 2017. Predetermined overhead rate /DLH

Explanation / Answer

a Predetermined overhead rate = 1940000/64667= $30 per DLH

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