Question: Please help me answering my activity. I will like vote your answer I get the answer. Thank you! 2. Germie, Inc., has identified the following

Please help me answering my activity. I will like vote your answer I get the answer. Thank you!
2. Germie, Inc., has identified the following overhead costs and activity drivers for next year: Overhead Item Expected Activity Driver Expected Cost Quantity Setup costs P100,000 Number of 500 setups Ordering costs 40,000 Number of 3,200 orders Maintenance 200,000 Machine hours 4,000 Power 20,000 Kilowatt hours 80,000 The following are two of the jobs completed during the year: Job 001 Job 002 Direct materials P1,500 P2,000 Direct labor P1,400 P2,400 Units completed 100 160 Direct labor hours 100 160 Number of setups 2 8 Number of orders 8 10 Machine hours Kilowatt hours 60 100 40 50 The company's normal activity is 4,000 direct labor hours. Required: a. If the four activity drivers are used to allocate overhead costs, total overhead allocated to Job 001 would be b. If the four activity drivers are used to allocate overhead costs, total overhead allocated to Job 002 would be
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
