What is the budgeted overhead rate for the company

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Reference no: EM131989232

Problem

XYZ Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made the following estimates for this year.

Direct labor costs $15,000,000
Factory overhead costs $18,500,000
Direct Labor Hours $500,000
Machine Hours $1,000,000

(a) What is the budgeted overhead rate for the company?

(b) If Job #33133 had the costs listed below, what would be the total cost of Job #33133?

Material costs were $600,000;
Direct labor costs were $750,000;
Direct labor hours were 20,000; and
Machine hours were 22,000.

Reference no: EM131989232

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