Jeremy Corporation Estimated Manufacturing Overhead Costs for the Year to Be

question 5

Multiple Choice

Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 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 6 machine hours and 1 direct labor hour. What is the amount of manufacturing overhead allocated to the completed job? (Round your intermediate calculations to one decimal place)

• A)$1,500.00
• B)$437.50
• C)$375.00
• D)$350.00

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