Lezo Corporation Uses a Job-Order Costing System with a Single

question 22

Essay

Lezo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on 40,000 machine-hours,total fixed manufacturing overhead cost of $136,000,and a variable manufacturing overhead rate of $2.90 per machine-hour.Job A290,which was for 60 units of a custom product,was recently completed.The job cost sheet for the job contained the following data:
Required:
a.Calculate the estimated total manufacturing overhead for the year.
b.Calculate the predetermined overhead rate for the year.
c.Calculate the amount of overhead applied to Job A290.
d.Calculate the total job cost for Job A290.

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Definitions:

Circular Pathway

A type of route or process that loops back to its starting point or proceeds in a circular fashion.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Temporal Circuits

Neural pathways and networks in the brain that are involved in the processing of temporal information, including timing and sequence recognition.

Presynaptic Neurons

Neurons that release neurotransmitters from their axon terminals to initiate a signal in the next neuron.