Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounting 203 Quiz #6 Name Corporation uses a job-order costing system with a single plantwide predetermined Prather overhead rate based on direct labor-hours. The company

image text in transcribed

Accounting 203 Quiz #6 Name Corporation uses a job-order costing system with a single plantwide predetermined Prather overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 50,000 285,000 S 3.80 Recencly, Job P513 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 10 20 s 710 S 500 Required a. What is the plantwide prodetermined overhead rate for fixed manufacturing costs per direct-labor hour? b. What is the total plantwide predetermined overhead rate per direct-labor hour? c. What is the overhead allocated to Job P5132 d. What is the total manufacturing cost of Job P513? e. If actual total direct labor-hours are 40,000 will applied overhead be over or under applied

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

Step: 3

blur-text-image

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

Auditing That Matters Case Studies Discussion Guide

Authors: Norman Marks

1st Edition

B089J5JCL2, 979-8650410546

More Books

Students also viewed these Accounting questions