Predetermined overhead rate based on machine hours

Reference no: EM13158688

The controller for Wolfe Machining has established the following overhead cost pools and cost drivers:

The following production requirements:
Machine setups: 7 Raw material: 11,200 units
Inspections: 16 Machine hours: 850

a. Compute the total overhead that should be assigned to order no. 715 by using activity-based costing.

b. Suppose that Wolfe were to use a single, predetermined overhead rate based on machine hours. Compute the rate per hour and the total overhead assigned.

Reference no: EM13158688

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