Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost.At the beginning of 2014,Olympia estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000.In June,2014,Job 511 was completed.The details of Job 511 are shown below. What is the amount of manufacturing overhead costs allocated to Job 511?

Question

Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost.At the beginning of 2014,Olympia estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000.In June,2014,Job 511 was completed.The details of Job 511 are shown below.  What is the amount of manufacturing overhead costs allocated to Job 511?

Quizplus · Accepted Answer

The Answer of Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost.At the beginning of 2014,Olympia estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000.In June,2014,Job 511 was completed.The details of Job 511 are shown below.  What is the amount of manufacturing overhead costs allocated to Job 511?

Olympia Manufacturing Uses a Predetermined Overhead Allocation Rate Based on a Percentage