managerial accounting 2402 help 453694

Snappy Company has a job order costing system and uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Manufacturing overhead cost and direct labor hours were estimated at $69,000 and 30,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of $2,010 in direct materials and $1,800 in direct labor. The labor rate is $6 per hour. By the end of the year, Snappy had worked a total of 35,500 direct labor hours and had incurred $79,350 actual manufacturing overhead cost.