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Calculate the companys overhead rate based on direct labor

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Question

Sheffield Machining makes three products. The company's annual budget includes $1,169,250 of overhead. In the past, the company allocated overhead based on expected capacity of 40,000 direct labor hours. The company recently implemented an activity-based costing system and has determined that overhead costs can be broken into four overhead pools: order processing, setups, milling, and shipping. The following is a summary of company information:

Expected CostExpected ActivitiesOrder processing$318,60018,000 ordersSetups170,1504,100 setupsMilling430,50020,500 machine hoursShipping250,00025,000 shipments$1,169,250

(a) Calculate the company's overhead rate based on direct labor hours.

(b) Calculate the company's overhead rates using the activity-based costing pools.

Reference no: EM132408418

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