Job order costing
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The information is for both parts - For 20x5, supply manufacturing accounting records contain the following:
Estimated manufacturing overhead costs $100,000
Actual manufacturing overhead costs $120,000
Estimated machine hours $20,000
Actual machine hours $25,000
* With machine being the only cost driver *
1) Using job order costing, the 20x5 predetermined support cost driver rate is
- $4.00,
$4.80,
$5.00, or
$6.00 per machine hour
2) Using job order costing, the amount of support costs allocated to jobs during 20x5 is
- $100,000,
$120,000,
$125,000, or
$150,000
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Solution Summary
Using Job order costing, calculates predetermined support cost driver rate and amount of support costs allocated to jobs.
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1) Using job order costing, the 20x5 predetermined support cost driver rate is - $4.00, $4.80, $5.00, or $6.00 per machine hour
Estimated machine hours = 20,000
Estimated manufacturing overhead costs = $100,000
Predetermined overhead rate (POHR) = ...
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