Kelly Construction Company , a three - year - old business , provides contracting and construction services
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Question:
Kelly Construction Company a three year old business provides contracting and construction services to a variety of clients Given that each construction job is different from the others Susan Byrd the company's accountant decided to use a job order costing system to allocate costs to the different jobs She decided to use construction labour hours as the basis for overhead allocation In December she estimated the following amounts for the year Direct materials Construction labour OverheadConstruction labour hours $ $ Byrd recorded the following for the third quarter of for the three jobs that the company started and completed during the quarter School Residential Cinema Direct materials $ $ $ Construction labour hours
Required : Compute the predetermined overhead allocation rate for and apply overhead to the three jobs Round your Predetermined overhead allocation rate to decimal places Predetermined overhead allocation rate per DLH
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259103261
4th Canadian edition
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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