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QUESTION 7 Jenkins Company had the following information for the year: Direct materials used$295,000 Direct labor incurred (9,000 hours)$245,000 Actual manufacturing overhead incurred$343,000 Jenkins Company used a predetermined overhead rate using an estimated overhead of $320,000 and 8,000 estimated direct labor hours. What is the total manufacturing cost allocated for the jobs during the year

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ayokenny2001

The total manufacturing cost allocated for the jobs during the year is $900,000

What is manufacturing cost?

Manufacturing cost refers to the summation of all the indirect costs which are incurred while manufacturing a product.

First, determine the predetermined overhead

= Estimated overheads / Estimated direct labor hours

= $320, 000 / 8,000

= $40 per direct labor hour

Then,

Manufacturing overhead applied

= Actual direct labor hours * Pre determined overhead rate

= $40 * 9,000

= $360,000

Manufacturing cost

= Direct material used + Direct labor incurred + Manufacturing overhead applied

= $295,000  + $245,000 + $360,000

= $900,000

Hence, the total manufacturing cost allocated for the jobs during the year is $900,000

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