Solution-Explain how the appropriate method would be

Explain how the appropriate method would be determined

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Reference no: EM13508178

Overtime Allocation

Prince Machine Tool Company produces tools on a job order basis. During May two jobs were completed, and the following costs were incurred:

	Job 401	Job 402
Direct materials	28,000	37,000
Direct labor, regular	18,000	23,000
Overtime premium	-	6,000

Other factory costs for the month totaled $16,800. Factory overhead costs are allocated one-third to Job 401 and two-thirds to Job 402.

Required:

a. Describe two alternative methods for assigning the overtime premium cost to Jobs 401 and 402 and explain how the appropriate method would be determined.

b. Compute the cost of Job 401 and Job 402 under each of the two methods described in part a.

Reference no: EM13508178

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Explain how the appropriate method would be determined

Reference no: EM13508178

Reference no: EM13508178

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