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Commerce · Q668

Costing

Graduate and Post Graduate · Commerce · question 668

Q668

If budgeted annual manufacturing indirect cost is 2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be

A.
$803.571 per labour hour
Answer
B.
$805 per labour hour
C.
$905 per labour hour
D.
$802 per labour hour

Answer: Option A

Solution

Answer: Option A
Solution:
Manufacturing overhead = Manufacturing indirect cost ÷ Cost allocation base
= 803.571 per labour hour