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Calculate the amount of overhead assigned to oil

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Reference no: EM132846449

Question - A company incurs $1100000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 700 processing transactions, 190000 packaging transactions, and 1800 tests per year in producing 390000 drums of oil and 590000 drums of sludge. The following data are available:

Department

Expected use of Driver

Cost

Processing

700

$490000

Packing

190000

490000

Testing

1800

120000

Production information for oil is as follows:

Department

Expected use of Driver

Processing

200

Packing

114000

Testing

1500

Required - Calculate the amount of overhead assigned to oil.

Reference no: EM132846449

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