Collins Inc.applies overhead to jobs using direct labour hours.The following data are available for the year:
$\begin{array}{lr}
\text { Estimated direct labour hours } &1000000\
\text {Actual direct labour hours } &900000\
\text {Overhead applied } &\$3600000\
\text { Actual overhead } &\$2950000\
\end{array}$

What predetermined overhead rate did Collins use,and what is the cost allocated to Job ##123 that used 1000 direct labour hours?

Question

Collins Inc.applies overhead to jobs using direct labour hours.The following data are available for the year:
 $\begin{array}{lr}
  \text { Estimated direct labour hours } &1000000\
 \text {Actual direct labour hours  } &900000\
 \text {Overhead applied  } &\$3600000\
 \text {  Actual overhead } &\$2950000\
\end{array}$
 
What predetermined overhead rate did Collins use,and what is the cost allocated to Job ##123 that used 1000 direct labour hours?

Quizplus · Accepted Answer

The Answer of Collins Inc.applies overhead to jobs using direct labour hours.The following data are available for the year:
 $\begin{array}{lr}
  \text { Estimated direct labour hours } &1000000\
 \text {Actual direct labour hours  } &900000\
 \text {Overhead applied  } &\$3600000\
 \text {  Actual overhead } &\$2950000\
\end{array}$
 
What predetermined overhead rate did Collins use,and what is the cost allocated to Job ##123 that used 1000 direct labour hours?

Collins Inc What Predetermined Overhead Rate Did Collins Use,and What Is the Data