Solution-Compute the predetermined overhead rate for each

Compute the predetermined overhead rate for each department

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Reference no: EM13498839

Agassi 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 labor cost in Department D, direct labor hours in Department E, and machine hours in Department K.

In establishing the predetermined overhead rates for 2014, the following estimates were made for the year.

	Department
	D	E	K
Manufacturing overhead	$1,065,000	$1,525,000	$840,000
Direct labor costs	$1,500,000	$1,625,000	$585,000
Direct labor hours	130,000	125,000	52,000
Machine hours	520,000	650,000	120,000

During January, the job cost sheets showed the following costs and production data.

	Department
	D	E	K
Direct materials used	$182,000	$163,800	$101,400
Direct labor costs	$156,000	$143,000	$48,750
Manufacturing overhead incurred	$128,700	$161,200	$102,700
Direct labor hours	10,400	14,300	4,550
Machine hours	44,200	58,500	10,300

Compute the predetermined overhead rate for each department.

Reference no: EM13498839

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Compute the predetermined overhead rate for each department

Reference no: EM13498839

Reference no: EM13498839

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