Question: For 2014, Thomas Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 50,000.

For 2014, Thomas Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 60,000.

a. Using job costing, the 2014 budgeted manufacturing overhead rate is ________ per machine hour.

b. What is the difference between the budgeted and the actual manufacturing overhead using job costing?

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