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Calculate the predetermined overhead rate

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The master mason company uses a job costing system.  For year 4, the firm estimated total overhead to be $40,000 and the number of direct labor hours to be $10,000.

a. Calculate the predetermined overhead rate.

b. Job 247 is a special order of 100 special bricks.  The work-in-progress inventory for this job shows raw materials cost of $4,600 and the direct labor costs of $7,600.  The firm has charged 1,200 direct labor hours to the job.  What is the total cost of Job 247?

Reference no: EM131774349

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