The basis for allocating overhead to production is machine

Reference no: EM13581006

The following transactions occurred in April.

1) Materials Purchased: $225,000

2) Materials Requisitioned: $210,000

Allocated to
Job 101	$35,000
Job 102	$80,000
Job 103	$70,000
Indirect	$25,000

3) Factory Payroll for April: $100,000.

Allocated to:
Job 101	$20,000
Job 102	$40,000
Job 103	$30,000
Indirect	$10,000

4) All other factory costs incurred in April: $60,000

5) The basis for allocating overhead to production is machine hours. At the beginning of the year it was estimated that the company would incur the following amounts for the year:

Total Overhead	$900,000
Total Machine Hours	125,000

6) During April, machine hours were tracked to the following jobs:

Job 101	4,000
Job 102	6,500
Job 103	3,000

What is the predetermined overhead application rate? Enter the rate accurate to two decimal places. If you think the answer is $10 per machine hour, you need to enter your answer as $10.00, not $10.0 or $10.

Reference no: EM13581006

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