The following information is available pertaining to Iris Division that uses a plantwide overhead rate based on machine hours: Mixing Dept. Finishing Dept. Total Overhead $60,000 Direct labor-hours 7,500 Machine-hours 2,500 $150,000 2,500 7,500 Production information pertaining to Job 101: $210,000 10,000 10,000 Mixing Dept. Finishing Dept. Total Prime costs $10,000 Direct labor-hours 250 Machine-hours 10 Units produced 500 $0 0 10 0 $10,000 250 20 500 What are the total overhead costs assigned to Job 101? a. $240 b. $360 c. $420 d. $180

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10P: Determining job costcalculation of predetermined rate for applying overhead by direct labor cost and...
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What are the total overhead costs assigned to job 101?

The following information is available pertaining to Iris Division that uses a
plantwide overhead rate based on machine hours:
Mixing Dept. Finishing Dept. Total
Overhead
$60,000
Direct labor-hours 7,500
Machine-hours
2,500
$150,000
2,500
7,500
Production information pertaining to Job 101:
$210,000
10,000
10,000
Mixing Dept. Finishing Dept. Total
Prime costs
$10,000
Direct labor-hours 250
Machine-hours
10
Units produced
500
$0
0
10
0
$10,000
250
20
500
What are the total overhead costs assigned to Job 101?
a. $240
b. $360
c. $420
d. $180
Transcribed Image Text:The following information is available pertaining to Iris Division that uses a plantwide overhead rate based on machine hours: Mixing Dept. Finishing Dept. Total Overhead $60,000 Direct labor-hours 7,500 Machine-hours 2,500 $150,000 2,500 7,500 Production information pertaining to Job 101: $210,000 10,000 10,000 Mixing Dept. Finishing Dept. Total Prime costs $10,000 Direct labor-hours 250 Machine-hours 10 Units produced 500 $0 0 10 0 $10,000 250 20 500 What are the total overhead costs assigned to Job 101? a. $240 b. $360 c. $420 d. $180
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