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

question 84

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:

Allergy

A condition in which the immune system reacts abnormally to a foreign substance.

Interstitial Fluid

Fluid found between tissue cells that is absorbed by lymphatic capillaries to become lymph.

Viral Infection

An illness caused by viruses, microscopic infectious agents that replicate inside living cells of organisms.

Saliva

A watery fluid secreted into the mouth by glands, providing lubrication for chewing and swallowing, and aiding in digestion.