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Problem - Far Play Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department A, direct labour hours in Department B, and machine hours in Department C.
In establishing the predetermined overhead rates for 2020, the following estimates were made for the year.
Department
A
B
C
Manufacturing Overhead
$725,000
$625,000
$920,000
Direct labour Cost
$580,000
$120,000
Direct labour Hours
46,500
41,800
41,000
Machine Hours
91,500
108,000
127,500
During January, the job cost sheets showed the following costs and production data.
Direct Materials Used
$92,800
$82,500
$66,500
Direct Labour Cost
$54,400
$33,500
$48,000
Manufacturing Overhead Incurred
$63,300
$69,000
$72,800
Direct Labour Hours
3,400
4,200
4,300
7,350
10,650
14,700
Required -
1. Calculate the predetermined overhead rate for each department.
2. Calculate the total manufacturing costs assigned to jobs in January in each department.
3. Calculate the under-or over-applied overhead for each department at January 31st.
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