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Author Question: Chief Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost ... (Read 300 times)

evelyn o bentley

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Chief 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 Somerset High School Science Olympiad Jacket job.

CompanySomerset High School Job
Direct materials$25,000$600
Direct manufacturing labor$5,000$200
Manufacturing overhead costs$20,000
Machine-hours40,000mh800mh

Required:
a.  For Chief Manufacturing, determine the annual manufacturing overhead cost-allocation rate.
b.  Determine the amount of manufacturing overhead costs allocated to the Somerset High School job.
c.  Determine the estimated total manufacturing costs for the Somerset High School job.


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Marked as best answer by evelyn o bentley on Mar 6, 2021

bigsis44

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