7_takehome_chapter 4_fall 2010

7_takehome_chapter 4_fall 2010 - Acc 200P Name: _ Lab...

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Acc 200P Name: _______________________ Lab Section #: _________________ Lab Instructor’s Name: __________ Date: _________________________ TAKE-HOME QUIZ Chapter 4 (Job Order Costing) Students: Remember to show your calculations. Partial credit cannot be received without your work shown. PROBLEM I: (50 pts) ABC Inc. is a manufacturer that uses job-order costing. The company allocates overhead based on machine hours . At the beginning of 2013, the company estimated total overhead for the year to be $900,000. They also estimated 20,000 machine hours will be worked. During 2013, a particular client required 600 machine hours. During all of 2013, actual total machine hours allocated to all clients (including the one noted above) was 18,000. At the end of 2013, actual overhead costs ended up being $800,000. A. What is the predetermined overhead rate this company should use? Answer: $____ per machine hour B. How much overhead should be applied to the particular client that required 600 machine
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7_takehome_chapter 4_fall 2010 - Acc 200P Name: _ Lab...

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