Solution-Prepare overhead costs applied on basis of

Prepare overhead costs applied on basis of machine-hours

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Reference no: EM132528106

Green Manufacturing Pty Ltd is a computer manufacturing company. At the beginning of 2019, the following estimates were provided for the coming year:

Machining Assembly

Direct labor-hours 1,000 9,000

Machine-hours 10,000 500

Direct labor cost $ 8,000 $72,000

Manufacturing overhead costs $25,000 $360,000

The accounting records of the company show the following data for Job order from Elite Education:

Machining Assembly

Direct labor-hours 50 120

Machine-hours 170 10

Direct material cost $2,700 $1,600

Direct labor cost $ 400 $ 900

Question 1: Prepare overhead costs are applied on the basis of machine-hours for the Machining Department and on the basis of direct labor-hours for the Assembly Department.

Reference no: EM132528106

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Prepare overhead costs applied on basis of machine-hours

Reference no: EM132528106

Reference no: EM132528106

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