The hourly rate including benefits for Building is $11.25 and for finishing is $12.10 To cost...

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The hourly rate including benefits for Building is $11.25 and for finishing is $12.10 To cost jobs as they are worked on, a predetermined or budgeted overhead rate was computed for 2018 based on the following budgeted cost drivers Building department Finishing department These overhead rates will be used throughout the year by each department All overhead will be applied to all jobs worked on during the year in proportion to the machine -hour and /or direct -labour cost devoted to each job Juno Inc rents its factory building This budget was prepared after careful consideration of the sales outlook for the coming year. The forecasted budget consisted of the following items: Variable costs: Supplies Indirect Labour Utilities Repairs Misc. Fixed costs : Insurance Amortization Rent Property taxes Supervision Total Factory Overhead. 69.350 machine hours $137,550 of direct labour Juno Inc. Factory Overhead Budget For The Year Ended December FOH rate = budgeted FOH budgeted cost driver Building Finishing $14,400 $5,400 22,800 16,800 30,000 9,000 24,000 6,000 30,000 19,920 111 120 7,200 114,000 24,000 4,200 17,280 166,680 $277,80 0 12,336 49,536 2,400 14,400 16,800 1,200 18,864 53,664 31, 2018 $103,200 Total $19,800 39,600 39,000 32,256 160,656 9,600 128,400 40,800 5,400 36,144 220,344 $381,00 0 The hourly rate including benefits for Building is $11.25 and for finishing is $12.10 To cost jobs as they are worked on, a predetermined or budgeted overhead rate was computed for 2018 based on the following budgeted cost drivers Building department Finishing department These overhead rates will be used throughout the year by each department All overhead will be applied to all jobs worked on during the year in proportion to the machine -hour and /or direct -labour cost devoted to each job Juno Inc rents its factory building This budget was prepared after careful consideration of the sales outlook for the coming year. The forecasted budget consisted of the following items: Variable costs: Supplies Indirect Labour Utilities Repairs Misc. Fixed costs : Insurance Amortization Rent Property taxes Supervision Total Factory Overhead. 69.350 machine hours $137,550 of direct labour Juno Inc. Factory Overhead Budget For The Year Ended December FOH rate = budgeted FOH budgeted cost driver Building Finishing $14,400 $5,400 22,800 16,800 30,000 9,000 24,000 6,000 30,000 19,920 111 120 7,200 114,000 24,000 4,200 17,280 166,680 $277,80 0 12,336 49,536 2,400 14,400 16,800 1,200 18,864 53,664 31, 2018 $103,200 Total $19,800 39,600 39,000 32,256 160,656 9,600 128,400 40,800 5,400 36,144 220,344 $381,00 0

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