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Lori Shapel Fabricating had the following estimated costs: Expected annual direct labor hours:...

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Accounting

Lori Shapel Fabricating had the following estimated costs:

Expected annual direct labor hours: 40,000

Expected annual direct labor costs: $600,000

Expected machine hours: 15,000

Expected material cost for the year: $800,000

Expected manufacturing overhead: $900,000

Calculate overhead allocation rates using each of the four possible allocation bases provided.

Determine the cost of the following job using each of the four overhead allocation rates:

Direct materials: $2,500

Direct labor: (140 hrs. @ $11/hr): $1,540

Machine hours used: 100

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