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Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted .5 machine hours per lamp and allocates overhead at a rate of $1.80 per machine hour. Last year Chilton manufactured 23,000 lamps, used 13,800 machine hours and incurred actual overhead costs of $15,180.
To help you keep uneven allocations straight, remember that overhead allocation entails three steps: 1  Add up total overhead. 2  Compute the overhead allocation rate by dividing total overhead by the number of direct labor hours. 3  Apply overhead by multiplying the overhead allocation rate by the number of direct labor hours needed to make each product. Because Product J requires 120 hours, apply $300 worth of overhead ($120 hours x $2.50) to this product. Product K requires 40 hours, so apply $100 to that product.