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Q1) Fox Manufacturing is small textile manufacturer using machine-hours as single indirect-cost rate to assign manufacturing overhead costs to different jobs contracted during the year. Following evaluates are given for coming year for company and for Maize High School Science Olympiad Jacket job.

  Company Maize High School Job
Direct materials $50,000 $500
Direct manufacturing labor $10,000 $100
Manufacturing overhead costs $40,000  
Machine-hours 100,000 mh 800 mh

problems:

a) For Fox Manufacturing, find out annual manufacturing overhead cost-allocation rate.

b) Find out amount of manufacturing overhead costs assigned to Maize High School job.

c) Compute the estimated total manufacturing costs for Maize High School job.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919027

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