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Question -
Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department D, direct labour hours in Department E, and machine hours in Department K.
In establishing the predetermined overhead rates for 2016, the following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,240,000
$1,500,000
$720,000
Direct labour costs
$1,550,000
$1,250,000
$450,000
Direct labour hours
100,000
125,000
40,000
Machine hours
400,000
500,000
120,000
During January, the job cost sheets showed the following costs and production data.
Direct materials used
$140,000
$126,000
$78,000
$120,000
$110,000
$37,500
Manufacturing overhead incurred
$99,000
$124,000
$79,000
8,000
11,000
3,500
34,000
45,000
10,390
1. Calculate the predetermined overhead rate for each department.
2. Calculate the total manufacturing costs assigned to jobs in January in each department.
3. Calculate the under- or over-applied overhead for each department at January 31.
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