Problem: The information is for both parts - For 20x5, supply manufacturing accounting records contain the following:
Estimated manufacturing overhead costs $100,000
Actual manufacturing overhead costs $120,000
Estimated machine hours $20,000
Actual machine hours $25,000
* With machine being the only cost driver *
1) Using job order costing, the 20x5 predetermined support cost driver rate is
- - $4.00,
- $4.80,
- $5.00, or
- $6.00 per machine hour
2) Using job order costing, the amount of support costs allocated to jobs during 20x5 is
- - $100,000,
- $120,000,
- $125,000, or
- $150,000