AC Manufacturing is a small textile manufacturer using machine-hours for the single indirect cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year.The following estimates are provided for the coming year for the company and for the Queen Elizabeth High School Football Team jacket job. Required:
a.For AC Manufacturing, determine the annual manufacturing overhead cost-allocation rate.
b.Determine the amount of manufacturing overhead costs allocated to the QE High School job.
c.Determine the estimated total manufacturing costs for the QE High School job.

Question

AC Manufacturing is a small textile manufacturer using machine-hours for the single indirect cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year.The following estimates are provided for the coming year for the company and for the Queen Elizabeth High School Football Team jacket job.  Required:
a.For AC Manufacturing, determine the annual manufacturing overhead cost-allocation rate.
b.Determine the amount of manufacturing overhead costs allocated to the QE High School job.
c.Determine the estimated total manufacturing costs for the QE High School job.

Quizplus · Accepted Answer

The Answer of AC Manufacturing is a small textile manufacturer using machine-hours for the single indirect cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year.The following estimates are provided for the coming year for the company and for the Queen Elizabeth High School Football Team jacket job.  Required:
a.For AC Manufacturing, determine the annual manufacturing overhead cost-allocation rate.
b.Determine the amount of manufacturing overhead costs allocated to the QE High School job.
c.Determine the estimated total manufacturing costs for the QE High School job.

AC Manufacturing Is a Small Textile Manufacturer Using Machine-Hours for the Single