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Question - Company uses a job-order cost system in each of its two manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department A and machine hours in Department B.
In establishing the predetermined overhead rates for 2020, the following estimates were made for the year:
Department
A
B
Manufacturing overhead
$1,056,000
$840,000
Direct labour cost
264,000
600,000
Direct labour hours
12,000
40,000
Machine hours
75,000
84,000
During January, the job cost sheet showed the following costs and production data:
Jobs
14
15
Direct materials used
$34,000
$31,000
24,000
25,500
Manufacturing overhead incurred
65,000
35,000
2,000
1,700
5,000
4,000
Required -
a) Calculate the predetermined overhead rate for each department.
b) Calculate the total manufacturing cost assigned to jobs 14 and 15 in January.
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