York Company is a machine shop that estimated overhead will be $48,000, consisting of 4,000 hours of direct labor. The cost to make Job 0325 is $70 in aluminum and two hours of labor at $10 per hour. During the month, York incurs $40 in indirect material cost, $140 in administrative labor, $290 in utilities, and $240 in depreciation expense. A. What is the predetermined overhead rate if direct labor hours are considered the cost driver? per direct labor hour B. What is the cost of Job 0325? C. What is the overhead incurred during the month? %24

York Company is a machine shop that estimated overhead will be $48,000, consisting of 4,000 hours of direct labor. The cost to make Job 0325 is $70 in aluminum and two hours of labor at $10 per hour. During the month, York incurs $40 in indirect material cost, $140 in administrative labor, $290 in utilities, and $240 in depreciation expense. A. What is the predetermined overhead rate if direct labor hours are considered the cost driver? per direct labor hour B. What is the cost of Job 0325? C. What is the overhead incurred during the month? %24

Name: York Company is a machine shop that estimated overheadwill be $48,000
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Description: York Company is a machine shop that estimated overheadwill be $48,000, consisting of 4,000 hours of direct labor.The cost to make Job 0325 is $70 in aluminum and twohours of labor at $10 per hour. During the month, Yorkincurs $40 in indirect materia

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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