Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-hour.Job A735, which was for 40 units of a custom product, was recently completed.The job cost sheet for the job contained the following data: Required:
a.Calculate the amount of overhead applied to Job A735.
b.Calculate the total job cost for Job A735.
c.Calculate the unit product cost for Job A735.

Question

Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-hour.Job A735, which was for 40 units of a custom product, was recently completed.The job cost sheet for the job contained the following data:  Required:
a.Calculate the amount of overhead applied to Job A735.
b.Calculate the total job cost for Job A735.
c.Calculate the unit product cost for Job A735.

Quizplus · Accepted Answer

The Answer of Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-hour.Job A735, which was for 40 units of a custom product, was recently completed.The job cost sheet for the job contained the following data:  Required:
a.Calculate the amount of overhead applied to Job A735.
b.Calculate the total job cost for Job A735.
c.Calculate the unit product cost for Job A735.

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