E 2-3 Predetermined Manufacturing Overhead Rates The Boise Manufacturing Company uses a job order costing...
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E 2-3 Predetermined Manufacturing Overhead Rates The Boise Manufacturing Company uses a job order costing system. For Job #221, the production manager requisitioned $1,500 of direct materials and used 35 hours of direct labor at $30 per hour. Manufacturing overhead is applied on the basis of direct labor hours, using a predetermined overhead rate. At the beginning of the year, $1,025,000 of manufacturing overhead costs were estimated based on a forecast of 205,000 direct labor hours. Prepare a summary of the costs for Job # 221. (Note: You have to calculate the predetermined overhead rate.)
E 2-3 Predetermined Manufacturing Overhead Rates The Boise Manufacturing Company uses a job order costing system. For Job #221, the production manager requisitioned $1,500 of direct materials and used 35 hours of direct labor at $30 per hour. Manufacturing overhead is applied on the basis of direct labor hours, using a predetermined overhead rate. At the beginning of the year, $1,025,000 of manufacturing overhead costs were estimated based on a forecast of 205,000 direct labor hours. Prepare a summary of the costs for Job \#221. (Note: You have to calculate the predetermined overhead rate.)
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