A company manufactures only custom furniture and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but a predetermined overhead rate is used to

apply manufacturing overhead costs to individual jobs. Manufacturing overhead is applied on the basis of direct labor hours. In computing a predetermined overhead rate, the controller estimated that manufacturing overhead

costs for the year would be $ and direct labor hours would be  The following summary information is available for the year. 

 

Note: This information represents cost data related to Job and the time period for which it was in process.

I. Raw materials used were $

II Wages paid to the furniture craftsmen totaled $ hours

III. Wages paid to factory maintenance workers totaled $

IV Depreciation on machinery and equipment totaled $

V Rent and utilities for the factory building totaled $

What is the total cost of Job

$

$

$

$

Estimated data for a company for Year are:

Total manufacturing overhead $

Direct labor hours hours

Actual data for this company for Year are:

Total manufacturing overhead $

Direct labor hours hours

The manufacturing overhead rate is determined on the basis of direct labor hours.

What is the amount of overapplied or underapplied overhead for this company for Year

$ overapplied

$ underapplied

$ overapplied

$ underapplied

Answer rating: 100% (QA)

To calculate the total cost of Job 482 we need to sum up all the costs incurred I Direct ... View the full answer