Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 3.3 points Hint References Problem 2-17 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Overhead Application [LO2-1, LO2-2] Wilmington Company has two manufacturing departments-Assembly

image text in transcribed

5 3.3 points Hint References Problem 2-17 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Overhead Application [LO2-1, LO2-2] Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. Direct labor-hours Machine-hours Job Bravo Fabrication $ 1,680,000 42,000 140,000 Estimated Data Assembly Manufacturing overhead costs $ 1,400,000 70,000 28,000 Assembly Fabrication Total Direct labor-hours Machine-hours 15 7 7 10 22 17 Required: Total $ 3,080,000 112,000 168,000 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo? (Round your Intermediate calculation to 2 decimal places.) 1. Plantwide manufacturing overhead applied to Job Bravo 2. Manufacturing overhead applied from Assembly to Job Bravo 2. Manufacturing overhead applied from Fabrication to Job Bravo 2. Total departmental manufacturing overhead applied to Job Bravo $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

10th Canadian Edition, Volume 1

978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736

More Books

Students also viewed these Accounting questions

Question

When is the basic cost flow model used? Give an example.

Answered: 1 week ago

Question

Is there a tension between inquiry and innovation?

Answered: 1 week ago