Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $588,000 payroll for 7,000 direct labor-hours. Listed below is cost driver information used in the product-costing system. TB MC Qu. 5-101 (Algo) Total manufacturing overhead using direct labor-hours: Power CompanyPower Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $588,000 payroll for 7,000 direct labor-hours. Listed below is cost driver informationused in the product-costing system:Budgeted Overhead Cost DriverOverhead Cost PoolMachine setupsMaterials handling$ 1,098,950Estimated Cost Driver Level250 setupsNumber of setupsNumber of barrels.9,350 barrelsQuality controlNumber of inspections2,400 inspectionsOther overhead cost112,200888,000703,000$ 2,802,150Number of machine hours18,500 machine hoursTotal overheadA current product order has the following requirements:22 setupsMachine setupsMaterials handling684 barrels87 inspectionsQuality inspectionsMachine hours1,400 machine hoursDirect labor hour492 hoursWhat is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours? (Round your intermediate calculation to 2 decimal places.)

Name: Power Company manufactures a variety of drill bits. The company's plan
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Power Company manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $588,000 payroll for 7,000 direct labor-hours. Listed below is cost driver information used in the product-costing system