Question: How would I answer problem 1? I. Link Inc. manufactures magical swords. The following data pertains to Job 1534 Direct materials placed into production $83,000
How would I answer problem 1?
I. Link Inc. manufactures magical swords. The following data pertains to Job 1534 Direct materials placed into production $83,000 Direct labor hours $28 190 hours . 33, oco : 27 600 Direct labor rate per hour Machine hours Link Inc. uses a plantwide overhead rate based on direct labor hours. At the beginning of 2018, annual overhead was budgeted at $4,777,500. Machine hours were estimated to be 30,000 and labor hours were estimated to be 65,000 for the year What is the overhead cost assigned to Job 1534? a. $23,888 b. $13,965 C. $4,200 a $11,025 e. $30,258
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