Veronica Company allocates overhead costs to jobs on the basis of directo labor-hours. Its estimated average monthly factory ocosts for 2005 were as…

Veronica Company allocates overhead costs to jobs on the basis of directo labor-hours. Its estimated average monthly factory ocosts for 2005 were as follows:Direct material cost = $60,000Direct labor cost = $300,000Overhead cost = $180,000Its estimated average monthly direct labor-hours are 20,000. Amont the jobs worked on November 2005 were two jobs, G and H, for which the followiing information was collected:Direct material cost = Job G, $10,000 – Job H, $10,000Direct labor cost = Job G, $28,000 – Job H, $32,000Direct labor hours = Job G, 2,400 – Job H, 2,800Questions – a) Compute the overhead rate for Veronica Company.b) Compute the total production costs of jobs G and H.c) At what amounts would customers be billed if the company’s practice was to charge 180 percent of the production cost of each job?

Veronica Company allocates overhead costs to jobs on the basis of directo labor-hours. Itsestimated average monthly factory ocosts for 2005 were as follows:Direct material cost = $60,000Direct…

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