Snappy Company has a job-order costing system and uses apredetermined overhead rate based on direct labor-hours to applymanufacturing overhead to jobs. Manufacturing overhead cost anddirect labor hours were estimated at $100,000 and 40,000 hours,respectively, for the year. In July, Job #334 was completed at acost of $5,000 in direct materials and $2,400 in direct labor. Thelabor rate is $6 per hour. By the end of the year, Snappy hadworked a total of 45,000 direct labor-hours and had incurred$110,250 actual manufacturing overhead cost.
Snappy's manufacturing overhead for the year was (do not round yourintermediate calculations):
Snappy Company has a job-order costing system and uses apredetermined overhead rate based on direct labor-hours to applymanufacturing overhead to jobs. Manufacturing overhead cost anddirect labor hours were estimated at $100,000 and 40,000 hours,respectively, for the year. In July, Job #334 was completed at acost of $5,000 in direct materials and $2,400 in direct labor. Thelabor rate is $6 per hour. By the end of the year, Snappy hadworked a total of 45,000 direct labor-hours and had incurred$110,250 actual manufacturing overhead cost.
Snappy's manufacturing overhead for the year was (do not round yourintermediate calculations):
Related questions
1.)
Snappy Company has a job-order costing system and uses apredetermined overhead rate based on direct labor-hours to applymanufacturing overhead to jobs. Manufacturing overhead cost anddirect labor hours were estimated at $69,000 and 30,000 hours,respectively, for the year. In July, Job #334 was completed at acost of $2,010 in direct materials and $1,800 in direct labor. Thelabor rate is $6 per hour. By the end of the year, Snappy hadworked a total of 35,500 direct labor-hours and had incurred$79,350 actual manufacturing overhead cost.
If Job #334 contained 100 units, the unit product cost on thecompleted job cost sheet would be: (Round intermediatecalculations to 2 decimal places.)
2.)Buckeye Company has provided the followingdata for maintenance cost:
| PriorYear | CurrentYear | |
| Machine hours | 15,700 | 17,900 |
| Maintenance cost | $32,500 | $35,140 |
The best estimate of the cost formula for maintenance would be:(Do not round intermediate calculations. Round yourVariable cost per unit to 2 decimal places.)
3.)
Bakker Corporation applies manufacturing overhead on the basisof direct labor-hours. At the beginning of the most recent year,the company based its predetermined overhead rate on totalestimated overhead of $110,250 and 3,500 estimated directlabor-hours. Actual manufacturing overhead for the year amounted to$112,200 and actual direct labor-hours were 3,250.
The applied manufacturing overhead for the year was: (Roundyour intermediate calculations to 2 decimal places.)
