Long Industries uses a job-order costing system.The Molding Department applies overhead based on machine hours, while the Assembly Department applies overhead based on direct labor hours.The company made the following estimates at the beginning of the current year: The following information was available for Job No.7-29, which was started and completed during July:
The predetermined overhead rate for the molding department is
A) $50.
B) $60.
C) $83.
D) $100.

Question

Long Industries uses a job-order costing system.The Molding Department applies overhead based on machine hours, while the Assembly Department applies overhead based on direct labor hours.The company made the following estimates at the beginning of the current year:  The following information was available for Job No.7-29, which was started and completed during July:
 The predetermined overhead rate for the molding department is
A) $50. 
B) $60. 
C) $83. 
D) $100.

Quizplus · Accepted Answer

The Answer of Long Industries uses a job-order costing system.The Molding Department applies overhead based on machine hours, while the Assembly Department applies overhead based on direct labor hours.The company made the following estimates at the beginning of the current year:  The following information was available for Job No.7-29, which was started and completed during July:
 The predetermined overhead rate for the molding department is
A) $50. 
B) $60. 
C) $83. 
D) $100.

Long Industries Uses a Job-Order Costing System