Solution-Overhead to jobs on the basis of machine hours

Overhead to jobs on the basis of machine hours

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Reference no: EM133272915

Julio Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to be P4,200,000 for the year, and machine usage is estimated at 150,000 hours. In the month of January, P160,000 of overhead costs are incurred and 20,000 machine hours are used. For the remainder of the year, P2,870,000 of overhead costs are incurred and 85,000 machine are hours are worked. The amount of overhead applied to production is:

Refer to No. 9. The over or under applied overhead at December 31 is?

Reference no: EM133272915

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Overhead to jobs on the basis of machine hours

Reference no: EM133272915

Reference no: EM133272915

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