19.62 per mach. hour Now calculate the total overhead allocated to each job unde

Question

19.62 per mach. hour Now calculate the total overhead allocated to each job under a simple costing system. (Round your answer to the nearest cent) Simple costing system Job 220 Job 330 Indirect cost allocaterd 588.60 S 1,373.40 Requirement 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers (Rou the allocation rates to three decimal places, X.X0X. Abbreviations used:bgt budgoted, mach. machine, maint.. purch. purchase, aty. quantity, prod. produced.) maintonanoe, ma! - material ABC allocation rate Choose from any drop-down list and then click Check Answer Clear All Chack Answer (A

Explanation / Answer

ABC allocation Rate = Activity cost /Activity driver

Overhead allocation Activity Activity rates Job 220 Job 330 Purchasing 28500/1500=19 19*21=399 19*9=171 Material handling 47700/5300=9 9*18=162 9*6=54 machine maintenance 100000/10000=10 30*10=300 70*10=700 product inspection 6800/1700=4 10*4=40 4*2=8 packaging 13200/3300=4 4*17=68 4*5=20 Overhead allocated 969 953

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