6. Western Outlet Manufacturing is a small manufacturer that uses machine hours as its activity base...

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6. Western Outlet Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 67: Company Job 67 Direct materials $73,200 $5,700 Direct labor $30,500 $4,100 Manufacturing overhead costs $87,840 Machine hours 109,800 1,710 During 2022, the actual machine hours totaled 115,900, and actual overhead costs were $86,200. A. Compute the predetermined overhead rate. B. Compute the total manufacturing costs for Job 62. C. How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. D. If Wildhorse Manufacturing sells Job 62 for $17,500, compute the gross profit. 6. Western Outlet Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning overhead costs to jobs. The company estimated the following amounts for 2022 for the company and for Job 67: Company Job 67 Direct materials $73,200 $5,700 Direct labor $30,500 $4,100 Manufacturing overhead costs $87,840 Machine hours 109,800 1,710 During 2022, the actual machine hours totaled 115,900, and actual overhead costs were $86,200. A. Compute the predetermined overhead rate. B. Compute the total manufacturing costs for Job 62. C. How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. D. If Wildhorse Manufacturing sells Job 62 for $17,500, compute the gross profit.

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Answer A Compute the predetermined overhead rate Predetermined overhead rate Estimated total manufac... View the full answer