Solution-What is the budgeted manufacturing overhead rate

What is the budgeted manufacturing overhead rate

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Reference no: EM133117020

Question - Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information:

	Budget for 2019	Actual results for 2019
Manufacturing overhead costs	1,750,000	1,862,000
Direct manufacturing labor costs	1,000,000	980,000
Machine-hours	25,000	23,275

Required -

1. What is the budgeted manufacturing overhead rate?

2. During March, the job-cost record for Job #626 contained the following information:

Direct materials used $ 40,000

Direct manufacturing labor costs 30,000

Machine-hours 75

What was the total cost of Job #626?

3. How much overhead was allocated by Destin Products for the year 2019?

4. What was the amount of under- or overallocated manufacturing overhead for the year?

Reference no: EM133117020

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What is the budgeted manufacturing overhead rate

Reference no: EM133117020

Reference no: EM133117020

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