Question

Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the...

Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the year. Actual manufacturing overhead was $9,400 and the company used 5,050 machine hours.

9. Calculate the predetermined overhead allocation rate using machine hours as the allocation base.

_______ / _________ = Predetermined overhead allocation rate

________/ __________ = ____ per machine hour

10. How much manufacturing overhead was allocated during the? year?

________ x ________ = overhead allocated

________ x _________ = ____________

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Answer #1

Question – 9, Predetermined overhead allocation rate

Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate

$9,450 / 4,500 Machine Hours = $2.10 per Machine Hour

“Predetermined overhead allocation rate = $2.10 per Machine Hour “

Question – 10, Manufacturing overhead was allocated during the year

Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated

5,050 machine hours x $2.10 per Machine Hour = $10,605

“Overhead allocated = $10,605 “

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