Jeremy Corporation Estimated Manufacturing Overhead Costs for the Year to Be

question 179

Multiple Choice

Jeremy Corporation estimated manufacturing overhead costs for the year to be $550,000.Jeremy also estimated 7000 machine hours and 2000 direct labor hours for the year.It bases the predetermined overhead allocation rate on machine hours.On January 31,Job 25 was completed.It required 5 machine hours and 4 direct labor hours.What is the amount of manufacturing overhead allocated to the completed job? (Round intermediate calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$79
• B)$707
• C)$393
• D)$1375

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