{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T16:10:11-04:00", "answer_date": "2024-05-26 16:10:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1748557", "url": "\/study-help\/questions\/6-10-points-slopped-exercise-213-algo-departmental-predetermined-overhead-1748557", "question_creation_date_js": "2024-05-26T16:10:11-04:00", "question_creation_date": "May 26, 2024 04:10 PM", "meta_title": "[Solved] 6 10 points Slopped Exercise 2-13 (Algo) | SolutionInn", "meta_description": "Answer of - 6 10 points Slopped Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4] White Company | SolutionInn", "meta_keywords": "6,10,points,slopped,exercise,2-13,algo,departmental,predetermined,overhead,rates,lo2-1", "question_title_h1": " 6 10 points Slopped Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and Finishing. The company", "question_title": " 6 10 points Slopped Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates", "question_title_for_js_snippet": "6 10 points Slopped Exercise 2 13 (Algo) Departmental Predetermined Overhead Rates LO2 1, LO2 2, LO2 4 White Company has two departments, Cutting and Finishing The company uses a job order costing system and computes a predetermined overhead rate in each department The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labor hours At the beginning of the year, the company made the following estimates Direct labor hours eBook Machine hours Total fixed manufacturing overhead cost Print References Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct labor hour Required Department Cutting 6,200 55,700 $390,000 $4 00 Finishing 75,000 1,100 $409,000 $3 75 1 Compute the predetermined overhead rate for each department 2 The job cost sheet for Job 203, which was started and completed during the year, showed the following Direct labor hours Machine hours Direct materials Direct labor cost Department Cutting Finishing 6 20 90 $750 $150 $360 $500 Using the predetermined overhead rates that you computed in requirement (1) compute the total manufacturing cost assigned to Job 203 3 Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor hours, rather than using departmental rates ", "question_description": "\"image\"image\"image\"image", "transcribed_text": "6 10 points Slopped Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Direct labor-hours eBook Machine-hours Total fixed manufacturing overhead cost Print References Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: Department Cutting 6,200 55,700 $390,000 $4.00 Finishing 75,000 1,100 $409,000 $3.75 1 Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Direct labor-hours Machine-hours Direct materials Direct labor cost Department Cutting Finishing 6 20 90 $750 $150 $360 $500 Using the predetermined overhead rates that you computed in requirement (1) compute the total manufacturing cost assigned to Job 203 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?", "related_book": { "title": "Financial Accounting Tools for Business Decision Making", "isbn": "9781118560952, 1118560957, 978-0470239803", "edition": "5th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/112.jpg", "uri": "\/textbooks\/financial-accounting-tools-for-business-decision-making-5th-edition-112", "see_more_uri": "" }, "free_related_book": { "isbn": "1170165605", "uri": "\/textbooks\/thoughts-on-the-present-scheme-of-extensive-taxation-1st-edition-9781170165607-120589", "name": "Thoughts On The Present Scheme Of Extensive Taxation", "edition": "1st Edition" }, "question_posted": "2024-05-26 16:10:11", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/your-organisation-requires-all-new-business-documents-be-scanned-and-481944", "description": "Your organisation requires all new business documents be scanned and saved electronically once they are checked for accuracy. They also require that you update the database system with the new...", "stars": 0 }, { "url": "\/what-is-the-primary-deciency-of-discrete-presentation-as-it", "description": "What is the primary deciency of discrete presentation as it must be applied in government-wide statements?", "stars": 3 }, { "url": "\/study-help\/essentials-accounting\/a-critic-said-that-the-company-had-25000-cash-at-1800079", "description": "A critic said that the company had $25,000 cash at the beginning of March and $25,000 at the end of March, and since its cash balance was unchanged, it couldnt be said to have any income in March....", "stars": 3 }, { "url": "\/study-help\/psychology\/alcohol-and-drug-use-among-student-athletes-1980865", "description": "Alcohol and drug use among student athletes", "stars": 3 }, { "url": "\/west-gorham-high-school-is-to-be-located-at-the", "description": "West Gorham High School is to be located at the population center of gravity of three communities: Westbrook, population 16,000; Scarborough, population 22,000; and Gorham, population 36,500....", "stars": 3 }, { "url": "\/study-help\/questions\/part-3-marshalls-electronics-inc-sells-high-quality-oversized-printers-9874530", "description": "Part 3 Marshall's Electronics, Inc., sells high quality oversized printers for making blueprints. It manufactures two printers, the BP041 and the XBP400, for which the following information is...", "stars": 3 }, { "url": "\/study-help\/questions\/problems-1319253137434955-for-the-following-exercises-plot-the-complex-numbers-5123110", "description": "Problems 13,19,25,31,37,43,49,55, For the following exercises, plot the complex numbers on the complex plane. 13. 1 - 2i 14. -2 + 3i 15. i 16. -3 - 4i NUMERIC For the following exercises, perform the...", "stars": 3 }, { "url": "\/study-help\/questions\/ayayai-company-prepares-its-statement-of-cash-flows-using-the-840017", "description": "Ayayai Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Ayayai Company reports the following: Sales on account...", "stars": 3 }, { "url": "\/study-help\/questions\/navajo-companys-yearend-financial-statements-show-the-following-the-company-840073", "description": "Navajo Company's year-end financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Year 1 ending...", "stars": 3 }, { "url": "\/study-help\/questions\/lucido-products-markets-two-computer-games-claimjumper-and-makeover-a-840145", "description": "Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover $ 96,000 $ 48,000...", "stars": 3 }, { "url": "\/study-help\/questions\/franks-hot-dogs-is-a-customer-of-your-company-and-840588", "description": "Franks Hot Dogs is a customer of your company and purchases hot dog buns from you. They have multiple restaurant locations that they want you to deliver the hot dog buns to, but they want all of the...", "stars": 3 }, { "url": "\/study-help\/questions\/outback-outfitters-sells-recreational-equipment-one-of-the-companys-products-840604", "description": "Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $130 per unit. Variable expenses are $91 per stove, and fixed expenses associated with...", "stars": 3 }, { "url": "\/study-help\/questions\/which-of-the-following-is-true-of-feature-based-8404186", "description": "Which of the following is true of feature - based machine learning Group of answer choices The same algorithm generates the features as classification Deep learning is a type of feature - based...", "stars": 3 }, { "url": "\/study-help\/questions\/a-bright-sdn-bhd-bsb-is-a-tax-resident-manufacturing-213063", "description": "(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...", "stars": 3 }, { "url": "\/study-help\/financial-accounting-tools-for-business\/what-are-the-two-key-components-that-explain-the-return-1684376", "description": "What are the two key components that explain the return on assets ratio? AppendixLO1", "stars": 3 }, { "url": "\/study-help\/financial-accounting-tools-for-business\/corrieten-company-purchased-equipment-and-these-costs-were-incurred-cash-1684380", "description": "Corrieten Company purchased equipment and these costs were incurred: Cash price Sales taxes $24,000 1,200 Insurance during transit Installation and testing 200 400 $25,800 Total costs What amount...", "stars": 3 }, { "url": "\/study-help\/financial-accounting-tools-for-business\/explain-the-accounting-for-research-and-development-costs-appendixlo1-1684378", "description": "Explain the accounting for research and development costs. AppendixLO1", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/on-september-1-the-board-of-directors-of-colorado-outfitters-1748556", "next": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1748558" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " 6 10 points Slopped Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/6-10-points-slopped-exercise-213-algo-departmental-predetermined-overhead-1748557" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }