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Nguyen Corporation uses job-order costing and applies overhead on the bases of machine-hours worked. For the...

Nguyen Corporation uses job-order costing and applies overhead on the bases of machine-hours
worked. For the just-completed year, the company estimated that it would work 75,000
machine hours and incur $450,000 in manufacturing overhead cost. The company actually
worked 80,000 machine-hours. The company has provided the following financial data
concerning its actual operations for the year.

What is Total applied manufacturing overhead for the year?

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Answer #1

Answer - Total Estimated  Machine Hours = 75000

  Total Manufacturing Overhead = $450000

Overhead Allocation rate Per Machine Hour   = Total Manufacturing Overheads / Total Machine Hours

Overhead Allocation rate Per Machine Hour = $450000 / 75000 Hours

Overhead Allocation rate Per Machine Hour = $6 Per Hour

Actual Machine Hours = 80000 Machine Hours

Total applied Manufacturing Overheads = Actual Hours * Standard Overheads Allocation Rate Per Hour

Total applied Manufacturing Overheads = 80000hrs*6$ per Hour

Total applied Manufacturing Overheads = $ 480000

Hence the Total applied Manufacturing Overheads = $ 480000

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