Wilco Inc. uses departmental overhead rates to allocate MOH. Wilco's fabrication department allocates MOH based on...

 

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Wilco Inc. uses departmental overhead rates to allocate MOH. Wilco's fabrication department allocates MOH based on machine hours, while Wilco's assembly department allocates MOH based on direct labor hours. Information for the two departments follow: Budgeted MOH Actual MOH Budgeted Mach. Hrs. Actual Mach. Hrs. Budgeted DL Hrs. Actual DL Hrs. Fabrication $1,000,000 $1,070,000 100,000 105,000 50,000 55,000 Assembly $500,000 $496,000 25,000 26,000 250,000 255,000 8 pts Total $1.500.000 $1.566,000 125.000 131.000 300,000 310,000 If Job 3331 uses 550 machine hours (450 in fabrication and 100 in assembly) and 1,500 direct labor hours (300 in fabrication and 1,200 in assembly), how much MOH will be allocated to Job 3331? Wilco Inc. uses departmental overhead rates to allocate MOH. Wilco's fabrication department allocates MOH based on machine hours, while Wilco's assembly department allocates MOH based on direct labor hours. Information for the two departments follow: Budgeted MOH Actual MOH Budgeted Mach. Hrs. Actual Mach. Hrs. Budgeted DL Hrs. Actual DL Hrs. Fabrication $1,000,000 $1,070,000 100,000 105,000 50,000 55,000 Assembly $500,000 $496,000 25,000 26,000 250,000 255,000 8 pts Total $1.500.000 $1.566,000 125.000 131.000 300,000 310,000 If Job 3331 uses 550 machine hours (450 in fabrication and 100 in assembly) and 1,500 direct labor hours (300 in fabrication and 1,200 in assembly), how much MOH will be allocated to Job 3331?

Answer rating: 100% (QA)

To allocate MOH to Job 3331 we need to calculate the overhead allocation rate for each departmen... View the full answer