PROBLEM (10 POINTS)Maddow Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost...
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Accounting
PROBLEM (10 POINTS)Maddow Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Patterson High School Science Olympiad Jacket job.
Required:
a. For Maddow Manufacturing, determine the annual manufacturing overhead cost-allocation rate.
b. Determine the amount of manufacturing overhead costs allocated to the Patterson High School job.
c. Determine the estimated total manufacturing costs for the Patterson High School job.
Company $25,000 $5,000 $20,000 50,000 mh Patterson High School Job $500 $100 Direct materials Direct manufacturing labor Manufacturing overhead costs Machine-hours 800 mh Required
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