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Calculate the amount of overhead assigned to oil

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Reference no: EM132509503

A company incurs $1300000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 1000 processing transactions, 200000 packaging transactions, and 1800 tests per year in producing 400000 drums of oil and 598000 drums of sludge.

The following data are available:

Department                              Expected use of Driver                     Cost

Processing                                     1000                               $502000

Packaging                                         200000                      502000

Testing                                           1800                            296000

Production information for oil is as follows:

Department                       Expected use of Driver

Processing                            300

Packaging                            124000

Testing                                 1800

Question 1: Calculate the amount of overhead assigned to oil.

$650000

$757840

$542160

$607240

Reference no: EM132509503

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