07: Blast itl Said David Wikon, CEO of Teledex Company. We've just lost the bid on the Koppers Job by 12,000. It seems we're either too high to get the job or boo low to make any money on half the jobs we bid. b) Determine the amount of manufacturing overhead cost that would have been applied to the Kooper job. Do not round intermediate Teledex company manufactures products to customers specifications and operates a job-order Manufacturing overher cost system. Manufacturing overhead cost is applied to jobs on the basis of direct labour cast. The following estimates were made the beginning of the year: 3. The manufacturing overhead that would have been applied using the plantwide rate in question 1(b) above and using the departmental rates in question 2(6) would be different True of fales Fabricating | Machining Assembly | Total Plant 4. Assume that it is customary in the industry to bid jobs at 200K of total manufacturing cost Direct Labour $200.000 6100.000 E200,000 E500,000 (direct material, direct labour, and applied overhead). What was the company's bid price on Manufacturing overhead 280,000 |303,000 820,000 1,400,190 the Koppers job? [Do not round intermediate calculations) Bid price What would be the bid price have been if departmental overhead rates had been used to Jobs require varying amounts of work in the three departments. The Koppers job, for example. apply overhead cost? ( Do not round intermediate calculations] would have required manufacturing costs in the three departments as follows Bid price Departments Fabricating | Machining Assembly | Total 5. At the end of the year, the company assembled the following actual cost dat relating to all Plant jobs worked on during the year Direct materials 110,040 EISO $11,350 Direct Labour 10.400 390 4,800 15,190 Departments Manufacturing overhead Fabricating | Machining Assembly| Total Plant The company uses a plantwide overhead rate to apply manufacturing overhead cost to the job. Direct materials E285,000 E22,300 $178,000 6485,300 Direct Labour 304,000 172,000 389,000 865,000 Required: Manufacturing overhead $17,000 1,837,000 149,000 2503,000 1. Assuming the use of a plantwide overhead rate; aCompute the rate for the current year [Round your answers to 1 decimal place) Compute the under or overapplied overhead for the year!Do not round intermediate calculations Plantwide prodet werhead rate for the current year 5Assuming that a plantwide overhead rate is used ( Enter your answer as a positive value) Overhead b) Determine the amount of manufacturing overhead cost that would have been applied to the paper job. [Do not round intermediate calculation) Amount of mar b) Assuming that department overhead rates are used (Enter your answer as a positive value) Overhead Suppose that instead of using a plantwide overhead rate, the company had used a separate armined overhead rate in each department Compute the rate for the fabrication department for the current year. [Round your answer to 2 decimal places, Predetermined overhead rat Compute the rate for the Machining department for the current year Predeten Compute the rate for the Assembly department for the current year Predetermined overhead rate English (South Africa) Text Predictions: On UX Accessibility: Investigate search W Desktop OneDrive V
