Solution-What is the amount of overhead costs

What is the amount of overhead costs

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Question - Randolph Company has two departments (Department A and Department B) for Job #111. As cost drivers used to apply overhead to products, the Department A uses machine-hours and the Department B uses direct labor-hours. The following estimates were provided for 2018 at the beginning of the year.

	Department A	Department B
Direct labor-hours	30,000	60,000
Machine-hours	80,000	20,000
Direct labor cost	$500,000	$900,000
Manufacturing overhead costs	$420,000	$240,000

The accounting records of the company show the following data for Job #111 for January:

	Department A	Department B
Direct labor-hours	120	70
Machine-hours	60	5
Direct material cost	$300	$300
Direct labor cost	$500	$400

What is the amount of overhead costs allocated to Job#111 on the basis of job-order costing system?

Reference no: EM132125784

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What is the amount of overhead costs

Reference no: EM132125784

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