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Bilal Kumu Bilal Kumu
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3 years ago
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, the company estimated total manufacturing overhead costs at $1,000,000 and total direct labor costs at $820,000. In June, Job 711 was completed. The details of Job 711 are shown below.

Direct materials cost   $20,500
Direct labor cost   $11,000
Direct labor hours   500 hours
Units of product produced   200 units
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#1
Staff Member
3 years ago
estimated total manufacturing overhead costs FOR THE YEAR                   $1,000,000
estimated  total direct labor costs                                                                         $820,000
predetermined overhead allocation rate     ($11,000x 122%)                            $224.60                                                           
percentage of direct labour cost    ( $1,000,000/$820,000)                              122%   


the cost per unit products finished is $224.60
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