Reference no: EM131661811

Question - ABC Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on direct labor hours. Last year, the company made the following estimates for this year.

Direct labor costs                             $12,600,000

Factory overhead costs                 $3,060,000

Direct Labor Hours                           $600,000

Machine Hours                                 $450,000

(a) What is the budgeted overhead rate for the company? (Show your work)

(b) If Job #34199 had the costs listed below, what would be the total cost of Job #34199? (Show your work)

Material costs were $100,000;

Direct labor costs were $140,000;

Direct labor hours were 12,000; and

Machine hours were 15,000.

Please show all of your calculations.