York Company is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of
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York Company is a machine shop that estimated overhead will be $50,000, consisting of5,000 hours of direct labor. The cost to make Job 0325 is $70 in aluminum and two hoursof labor at $20 per hour. During the month, York incurs $50 in indirect material cost,$150 in administrative labor, $300 in utilities, and $250 in depreciation expense.
a. What is the predetermined overhead rate if direct labor hours are considered the cost driver?
b. What is the cost of Job 0325?
c. What is the overhead incurred during the month?
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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