Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the question of management accounting . Please provide correct answers one of the tutor provided with wrong answer . PLEASE READ THE QUESTION CAREFULLY

image text in transcribedimage text in transcribed

Answer the question of management accounting . Please provide correct answers one of the tutor provided with wrong answer . PLEASE READ THE QUESTION CAREFULLY AND ANSWER WITH CORRECT SOLUTION .

image text in transcribedimage text in transcribedimage text in transcribed
Agassi Company uses a job-order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department D, direct labour hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department D E K Manufacturing overhead $931,000 $1,625.000 $1,020,000 Direct labour costs $1,330,000 $1,875,000 $675.000 Direct labour hours 150,000 125,000 60,000 Machine hours 600.000 750.000 120.000 During January. the job cost sheets showed the following costs and production data. Department D E K Direct materials used $210,000 $189,000 $117.000 Direct labour costs $180,000 $165.000 $56.250 Manufacturing overhead incurred $131,000 $204.500 $89.500 Direct labour hours 12.000 16.500 5.250 Machine hours 51,000 67.500 10.340Calculate the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 10.25.) Overhead rate Department D 9% of direct labour cost Department E per direct labour hour Department K $ per machine hour eTextbook and Media Calculate the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department D Department E Department KCalculate the under- or over-applied overhead for each department at January 31. Manufacturing Overhead Department D Department E Department K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Accounting questions