5 Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z. 2 01:49:14 Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 eBook Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 8.50 hours 1 hour Fabrication 4 hours 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, how much manufacturing overhead would be applied to Job Z? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during JulyJob Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job Z $13,000 $8,000 $21,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 10 hours 1 hour Fabrication 2 hours 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, what would be the company's plantwide predetermined overhead rate? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during JulyJob Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job Z $13,000 $8,000 $21,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company started and completed numerous jobs during July-two of which were Job Y and Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Machining $48,000 $ 1.50 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked 12,000 Machining Assembly 50 30 Job Y Machine-hours Direct labor-hours Job Z Machine-hours Direct labor-hours 40 60 What is the predetermined overhead rate in the Assembly Department? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 10 hours 1 hour Fabrication 2 hours 7 hours Assume the company uses departmental predetermined overhead rates. It uses 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 from the Fabrication Department to Job Z? 5 Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z. 2 01:49:14 Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 eBook Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 8.50 hours 1 hour Fabrication 4 hours 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, how much manufacturing overhead would be applied to Job Z? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during JulyJob Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job Z $13,000 $8,000 $21,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 10 hours 1 hour Fabrication 2 hours 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, what would be the company's plantwide predetermined overhead rate? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during JulyJob Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job Z $13,000 $8,000 $21,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company started and completed numerous jobs during July-two of which were Job Y and Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Machining $48,000 $ 1.50 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked 12,000 Machining Assembly 50 30 Job Y Machine-hours Direct labor-hours Job Z Machine-hours Direct labor-hours 40 60 What is the predetermined overhead rate in the Assembly Department? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $ 380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Machine hours Assembly 10 hours 1 hour Fabrication 2 hours 7 hours Assume the company uses departmental predetermined overhead rates. It uses 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 from the Fabrication Department to Job Z