Sheridan company thinks machine hours is the best activity base for its manufacturing overhead. the estimate of annual overhead costs for its jobs was $255. the company used 1000 hours of processing on job no. b12 during the period and incurred overhead costs totaling $27. the budgeted machine hours for the year totaled 2. how much overhead should be applied to job no. b12?

$127,500

Explanation:

The Estimated Overhead cost of $2,550,000 divided by the budgeted machine hours of 20,000 gives us the overhead rate per machine hour of $127.50.

This rate will then be multiplied by the machine hours used by Job No. B12.

So, Overhead Rate of $127.50 multiplied by 1,000 machine hours will give $127,5000 which is the overhead cost that should be applied to Job No. B12 .

Note: Don't use the overhead incurred ($2,700,000) because this is the "Actual" overhead and the problem requires the "Applied" amount which is based on estimates.

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