jmp23
Sep 4, 2009, 08:36 AM
Ohio river company uses a predermines rate for applying overhead to producation using normal costing. The Rates for this year 1 follow: variable, 200 percent of direct labor dollars; fixed 300 percent of direct labor dollars. Actual overhead costs incurred follow: variable, $20,000; fixed, $26,000. Actual direct materials cost were $5,000 and actual labor costs were $9,000. Ohio river produced one job in year 1.
(a.) Calculate actual costs of the job
(b) Calculate normal costs of the job using predetermined overhead rates.
(a.) Calculate actual costs of the job
(b) Calculate normal costs of the job using predetermined overhead rates.