Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,010,000 and...


4


Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $820,000. In June,<br>Job 511 was completed. The details of Job 511 are shown below.<br>Direct materials cost<br>Direct labor cost<br>$24,000<br>$13,000<br>Direct labor hours<br>500 hours<br>Units of product produced<br>500 hours<br>What is the amount of manufacturing overhead costs allocated to Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.)<br>O A. $29,561<br>O B. $10,554<br>OC. $19,485<br>O D. $16,012<br>

Extracted text: Olympia Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $820,000. In June, Job 511 was completed. The details of Job 511 are shown below. Direct materials cost Direct labor cost $24,000 $13,000 Direct labor hours 500 hours Units of product produced 500 hours What is the amount of manufacturing overhead costs allocated to Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.) O A. $29,561 O B. $10,554 OC. $19,485 O D. $16,012

Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here