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X Company uses a plantwide overhead allocation system, with direct labor hours as the cost driver....

X Company uses a plantwide overhead allocation system, with direct labor hours as the cost driver. Budgeted overhead for the year is $923,000. The following annual budgeted and actual information is available for the only three products that it produces - X, Y, Z:

X Y Z
Units of production 950 37,900 3,300
Direct labor hours per unit 7 2 5
Direct labor wage rate $16.00 $21.00 $26.00

How much overhead was allocated to Product Z?

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Answer #1

Answer: $ 153,945

Working:

Calculation
Total budgeted overhead $       923,000
Total budgeted direct labor hours 98950 (950*7)+(37900*2)+(3300*5)
Plantwide overhead rate $              9.33 923000/98950
Direct labor hours used by product Z 16500 3300*5
Overhead allocated to product Z $       153,945 16500*9.33
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