Question: Stanford Enterprises uses job-order costing. - Overhead is applied on the basis of direct labor hours. The following information relates to the year just

Stanford Enterprises uses job-order costing. - Overhead is applied on the basis of direct labor hours. The

Stanford Enterprises uses job-order costing. - Overhead is applied on the basis of direct labor hours. The following information relates to the year just ended. Data: 5 Estimated total overhead costs 5 Estimated total direct labor hours Actual total direct labor hours 3 Actual costs for the year: Purchase of raw (direct) materials Direct labor cost Manufacturing overhead 11 12 13 14 Inventories: 15 16 17 Raw Materials (All Direct) Work in Process Finished Goods 18 19 Use the data to answer the following. 20 21 1. Overhead: 22 23 Actual overhead cost Predetermined overhead rate $ 27,875 34,600 $ ASS $ Beginning $ 15,000 $ $ 275,000 25,000 27,760 375,000 536,300 302,750 Ending 11,375 22,350 26,450

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Question 1 Actual overhead cost The actual overhead cost is 302750 This is shown in the table of actual costs for the year under the heading Manufacturing overhead Question 2 Total direct labor hours ... View full answer

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