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Following the instructions on the Data tab, complete the spreadsheet for your Chief Financial Officer....

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Accounting

Following the instructions on the Data tab, complete the spreadsheet for your Chief Financial Officer.

Estimates at the beginning of the year Assembly Production Total
Manufacturing Overhead Costs $ 480,000 $ 528,000 $ 108,000
Direct Labor-hours 12,000 7,200 19,200
Machine hours 4,800 24,000 28,800
Job 142
Direct labor-hours 25 17 42
Machine hours 17 20 37
1. Calculate the amount of manufacturing overhead applied to Job 142. Converse uses a plantwide predetermined overhead rate based on direct labor hours.
2. The CFO is considering changing the allocation base for Production to machine hours (instead of direct labor hours). The allocation base for Assembly would continue to be direct labor hours.
Assembly Production Total

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