Leaf Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system an

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Leaf Corporation Has Two Production Departments Casting And Customizing The Company Uses A Job Order Costing System An 1 (57.12 KiB) Viewed 29 times

Leaf Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours. and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Customizing Casting 18,000 14,000 Machine-hours Direct labor-hours 2,000 7,000 P 124,200 P 68,600 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour P 1.90 P 3.80 During the current month the company started and finished Job T138. The following data were recorded for this job: Job T138: Casting Customizing 30 Machine-hours 70 Direct labor-hours 10 60 The amount of overhead applied in the Customizing Department to Job T138 is closest to (round your intermediate calculations to 2 decimal places):