Question: Pocono Cement Forms expects $750,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its

Pocono Cement Forms expects $750,000 in overhead during the next year.

Pocono Cement Forms expects $750,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 50,000 or its expected machine hours of 25,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,560 in direct material cost, 102 direct labor hours, and 85 machine hours. Wages are paid at $14 per hour. Labor Hours Machine hours Cost of the job $

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