MT425 / MT 425 Managerial Finance and Accounting Kaplan University (KU Campus) J

MT425 / MT 425 Managerial Finance and Accounting Kaplan University (KU Campus) James JiambalvoManagerial Accounting 4e Hoboken NJ: John Wiley & Sons.Unit 2: Accounting Management and Cost DecisionsChapter 2 Exercise 2-12 Allocating Manufacturing Overhead to Jobs [LO 6 7] Webber Fabricating estimated the following annual costs. Expected annual direct labor hours 40000 Expected annual direct labor cost 625000 Expected machine hours 20000 Expected material cost for the year 800000 Expected manufacturing overhead$1000000 Required a. Calculate overhead allocation rates using each of the four possible allocation bases provided. b. Determine the cost of the following job (number 253) using each of the four overhead allocation rates.