Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 and 2 Use the following data to answer Questions 1 and 2. Delta Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs
1 and 2
Use the following data to answer Questions 1 and 2. Delta Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 20X3, the following estimates were provided for the coming year: Direct labor-hours Machine-hours Direct labor cost Manufacturing overhead costs Machining 30,000 80,000 $500,000 $420,000 Assembly 60,000 20,000 $900,000 $240,000 The accounting records of the company show the following data for Job #316: Direct labor-hours Machine-hours Direct material cost Direct labor cost Machining 120 60 $300 $100 Assembly 70 5 $200 $400 1. (10 points) What amount of manufacturing overhead costs will be allocated to Job #316? A. $439 B. $502 C. $595 D. $532 2. (10 points) What are the total manufacturing costs of Job #316? A. $715 B. $880 C. $1,595 D. $1,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started