Business, 21.03.2020 07:27, xxnomr3cyxx
Graham Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated the following amounts for 2013 for the company and for Job 62:
Company Job 62
Direct materials $60,000 $4,500
Direct labor $25,000 $2,500
Manufacturing overhead costs $72,000
Machine hours 80,000 1,350
During 2013, the actual machine-hours totaled 84,000, and actual overhead costs were $71,000.
Compute the predetermined overhead rate.
Predetermined overhead rate $pixel. gif per machine hour
Compute the total manufacturing costs for Job 62.
Total manufacturing costs $pixel. gif
How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied.
Overhead $pixel. gifpixel. gif
If Graham Manufacturing sells Job 62 for $14,000, compute the gross profit.
Gross profit $
Answers: 2
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