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My question is this: Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products.
My question is this:
Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in Machining Department and on basis of direct labor-hours in Assembly Department. At beginning of 2013 the following estimates were provided for coming year
Machining Assembly
direct labor-hours 30,000 60,000
machine-hours 80,000 20,000
direct labor costs $500,000 $900,000
manufacturing overhead costs $420,000 $240,000
Accounting records of the company show the following data for job #316
Machining Assembly
direct labor-hours 120 70
machine hours 60 5
direct material cost $300 $200
direct labor cost $100 $400
What is the annual manufacturing overhead cost-allocation rate for the machining department?