Leeds Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data:
Recently Job T496 was completed with the following characteristics:
Required:
a.Calculate the estimated total manufacturing overhead for the year.
b.Calculate the predetermined overhead rate for the year.
c.Calculate the amount of overhead applied to Job T496.
d.Calculate the total job cost for Job T496.
e.Calculate the unit product cost for Job T496.

Question

Leeds Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data:
  Recently Job T496 was completed with the following characteristics:
  Required:
a.Calculate the estimated total manufacturing overhead for the year.
b.Calculate the predetermined overhead rate for the year.
c.Calculate the amount of overhead applied to Job T496.
d.Calculate the total job cost for Job T496.
e.Calculate the unit product cost for Job T496.

Quizplus · Accepted Answer

The Answer of Leeds Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data:
  Recently Job T496 was completed with the following characteristics:
  Required:
a.Calculate the estimated total manufacturing overhead for the year.
b.Calculate the predetermined overhead rate for the year.
c.Calculate the amount of overhead applied to Job T496.
d.Calculate the total job cost for Job T496.
e.Calculate the unit product cost for Job T496.

Leeds Corporation Uses a Job-Order Costing System with a Single