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Author Question: Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single ... (Read 103 times)

mwit1967

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Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job.

CompanyCase High School Job
Direct materials$60,000$2,400
Direct labor$15,000$600
Manufacturing overhead costs$50,000
Machine-hours100,000mh1,000mh

For Lancelot Manufacturing, what is the annual manufacturing overhead cost-allocation rate?
◦ $0.75
◦ $1.25
◦ $0.50
◦ $50.00


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Marked as best answer by mwit1967 on Mar 6, 2021

Dominic

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mwit1967

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


billybob123

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Reply 3 on: Yesterday
Excellent

 

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