Question

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 58,000 direct labor-hours, total fixed manufacturing overhead cost of $58,000, and a variable manufacturing overhead rate of $2.90 per direct labor-hour. Recently Job X387 was completed and required 220 direct labor-hours.

Required:

Calculate the amount of overhead applied to Job X387

Answer 1

om sall od ash received from land ($2,06,000) will be reported n the the statement the investing Outivities sution of cash flowe is inflow of of cash Fived overhead application rate = Budgeted tired ove the ad Budgeted dirut labournes $ 58,000 58,000 $1 per labour hr. Amount of overhead oppued to job X 387 Variable ovchead a $2.90*220 = $638 + Fired & 1 x 220 +$220 $858 2

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