An overview of the job costing system is 2 Budgeted manufacturing overhead

An overview of the job costing system is 2 budgeted

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An overview of the job-costing system is: 2. Budgeted manufacturing overhead divided by allocation base: a. Machining Department: = $50 per machine-hour b. Finishing Department: = 200% of direct manufacturing labor costs 4- 24
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4-32 (1520 min.) Service industry, job costing, law firm. 1. 2. = = = $65 per professional labor-hour Note that the budgeted professional labor-hour direct-cost rate can also be calculated by dividing total budgeted professional labor costs of $2,600,000 ($104,000 per professional  25 professionals) by total budgeted professional labor-hours of 40,000 (1,600 hours per professional  25 professionals), $2,600,000  40,000 = $65 per professional labor-hour. = = = = $55 per professional labor-hour 4. Richardson Punch Direct costs: Professional labor, $65  100; $65  150 Indirect costs: Legal support, $55  100; $55  150 $ 6,500 5,500 $12,000 $ 9,750 8,250 $18,000 4- 26
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