2. For 20X7, Marcotte\'s Animal Supply Manufacturing uses machine-hours as the o

Question

2. For 20X7, Marcotte's Animal Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated $100,000 20,000 Actual $120,000 25,000 Manufacturing overhead costs Machine-hours Required Using job costing, the 20X7 predetermined manufacturing overhead rate is: ii. Using normal costing, the amount of manufacturing overhead costs allocated to jobs during 20X7 is: ii. Using job costing, the 20X7 actual indirect-cost rate is: iv. Using actual costing, the amount of manufacturing overhead costs allocated to jobs during 20X738003 is:

Explanation / Answer

i predetermined overhead rate estimated manufacturing overhead/estimated machine hours 100,000/20,000 $5 per MH's ii) amount of manufacturing overhead costs allocated overhead rate * actual machine hours 5*25,000 125000 iii) actual indirect cost rate is 120,000/25000 4.8 per MH"s iv) amount of manufacturing overhead cost allocated 4.80*25000 120000

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