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ACCOUNT 249 Intro to Managerial Accounting Chapter 2 Canvas Homework - SHOW YOUR WORK FOR CREDIT Plantwide and Departmental Predetermined Overhead Rates; Overhead Application Wilmington

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ACCOUNT 249 Intro to Managerial Accounting Chapter 2 Canvas Homework - SHOW YOUR WORK FOR CREDIT Plantwide and Departmental Predetermined Overhead Rates; Overhead Application 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. Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $ 6,210,000 135,000 54,000 Fabrication $ 6,750,000 81,000 270,000 Total $ 12,960,000 216,000 324,000 Job Bravo Direct labor-hours Machine-hours Assembly Fabrication 28 20 23 20 Total 48 43 Required: 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.)

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