The company used 1000 hours of processing on job no. b12, Ask an Expert

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Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $615,000. The company used 1,000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $630,000. The budgeted machine hours for the year totaled 20,000. How much overhead should be applied to Job No. B12?

A) $630

B) $30,750

C) $31,500

D) $615

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M990347

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