Question

Job Order Costing
Data
Allocation base	Machine-hours
Estimated manufacturing overhead cost	$300,000
Estimated total amount of the allocation base	75,000	machine-hours
Actual manufacturing overhead cost	$290,000
Actual total amount of the allocation base	68,000	machine-hours
Enter a formula into each of the cells marked with a ? below
Computation of the predetermined overhead rate
Estimated manufacturing overhead cost	?
Estimated total amount of the allocation base	?	machine-hours
Predetermined overhead rate	?	per machine-hour
Computation of underapplied or overapplied manufacturing overhead
Actual manufacturing overhead cost	?
Manufacturing overhead cost applied to Work in Process during the year:
Predetermined overhead rate	?	per machine-hour
Actual total amount of the allocation base	?	machine-hours
Manufacturing overhead applied	?
Underapplied (overapplied) manufacturing overhead	?

Answer 1

Computation of predetermined overhead rate:
Estimated manufacturing overhead cost	300000
Estimated total amount of allocation base	75,000	machine-hours
Predetermined overhead rate:(300,000/75,000)	4	per machine-hour
Under applied or over applied:
Actual manufacturing overhead cost	290,000
Manufacturing overhead cost applied to Work in process:
Predetermined overhead rate	4	per machine-hour
Actual amount of allocation base	68,000	machine-hours
Manufacturing overhead applied (68,000*4)	272000
Under applied (over applied) manufacturing overhead (290,000 - 272,000)	18,000	Under applied

I HOPE IT USEFUL TO YOU IF YOU HAVE ANY DOUBT PLZ COMMENT GIVE ME UP-THUMB. THANKS.....