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 Assembly $26,000 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 $ 2.00 12,000 10,000 Machining Assembly 50 30 Job Y Machine-hours Direct labor-hours Job 2 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 Assembly Fabrication Manufacturing overhead costs $300,000 $ 400,000 Direct labor hours 25,000 15,000 Machine hours 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $300,000 27,000 16,000 10,500 48,000 Job Direct labor hours Machine hours Assembly 9.25 hours 1 hour Fabrication 7 hours 7 hours if the company uses a plantwide approach for applying overhead to production with direct lobor-hours as the allocation base, how much manufacturing overhead would be applied to Job Z? 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 Assembly Estimated total fixed manufacturing overhead $48,000 $30,000 Estimated variable manufacturing overhead per machine-hour $ 1.50 Estimated variable manufacturing overhead per direct labor-hour $ 2.00 Estimated total machine-hours to be used 12,000 Estimated total direct labor hours to be worked 10,000 Machining Assembly 35 30 Job Y Machine-hours Direct labor-hours Job 2 Machine-hours Direct labor-hours 40 60 How much manufacturing overhead is applied from the Machining Department to Job Y? 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 July Job 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 2 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 Joby Job $13,000 $3,900 $21,000 $7,500 1,400 500 Assuming Job 2 contains 200 units and that the company applies a markup of 60% when establishing its selling prices, the price per unit that it would choose for Job Z is closest to: 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 Assembly Fabrication Manufacturing overhead costs $300,000 $ 400,000 Direct labor hours 25,000 15,000 Machine hours 10,000 50,000 Job 2 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 both departments to Job Z? Assume a company reported the following information for this year Budgeted (estimated) production Budgeted sales Production capacity Selling price Variable manufacturing cost Estimated total manufacturing overhead cost (all fixed) seiling and administrative expenses (all fixed) Beginning inventories 80,000 units 80,000 units 100,000 units $ 50 per unit $ 18 per unit $700,000 $250,000 $ 0 Using a predetermined overhead rate based on capacity with units produced" as the allocation base, the company's budgeted Income statement would report unused capacity costs that are closest to: A company produces numerous blends of coffee, two of which are known as the French Blend and the Italian Blend. The company's ABC system divides its total manufacturing overhead of $1,982,500 Into four activity cost pools as shown below. Activity Activity Measure Expected Activity Estimated cost Purchasing Purchase orders 1,500 orders $330,000 Materials handling Number of setup 1,800 setups $540,000 Quality control Number of batches 600 batches $210,000 Roasting Roasting hours 95,000 hours $902,500 Data regarding production of the French and Italian blends is as follows: Expected sales Batch size Setups Purchase order size Roasting time per 100 pounds French Blend 100,000 pounds 10,000 pounds 3 per batch 20,000 pounds 0.5 hours Italaan Blend 5,000 pounds 1,250 pounds 3 per batch 500 pounds 0.5 hours Assume the company uses activity-based absorption costing. How much total overhead cost would be assigned to the French Blend based on its expected sales? A company produces numerous blends of coffee, two of which are known as the French Blend and the Italian Blend. The company's ABC system divides Its total manufacturing overhead of $1,982,500 into four activity cost pools as shown below. Activity Activity Measure Expected Activity Estimated cost Purchasing Purchase orders 1,500 orders $330,000 Materials handling Number of setups 1,800 setups $540,000 Quality control Number of batches 600 batches $210,000 Roasting Roasting hours 95,000 hours $902,500 Data regarding production of the French and Italian blends is as follows: French Blend Expected sales 100,000 pounds Batch size 10,000 pounds Setups 3 per batch Purchase order size 20,000 pounds Roasting time per 100 pounds 0.5 hours Italian Blend 5,000 pounds 1,250 pounds 3 per batch 500 pounds 0.5 hours Assume the company uses activity-based absorption costing. How much total overhead cost would be assigned to the Italian Blend based on its expected sales? A company produces numerous blends of coffee, two of which are known as the French Blend and the Italian Blend. The company's ABC system divides its total manufacturing overhead of $1,982,500 Into four activity cost pools as shown below. Activity Activity Measure Expected Activity Estimated cost Purchasing Purchase orders 1,500 orders $330,000 Materials handling Number of setups 1,800 setups $540,000 Quality control Number of batches 600 batches $210,000 Roasting Roasting hours 98,400 hours $902,500 Data regarding production of the French and Italien blends is as follows: Expected sales Batch size Setupa Purchase order size Rounting time per 100 pounds French Blend 100,000 pounds 20,000 pounds 3 per batch 20,000 pounds 0.9 hours Italian Blond 5,000 pounds 1,250 pounds 3 per batch 500 pounds 0.5 hours Assume the company uses a plantwide predetermined over rate based on roasting hours. The amount of manufacturing overhead assigned to the French Blend for its expected sales would be closest to: 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 July Job 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 $ ? $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job % $13,000 $8,000 $21,000 $7,500 1,400 500 Assuming Job Z's total Job cost is $19,250, what is the 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 July- Job 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 $ 2 2,000 $12,800 Direct materiale Direct labor cont Actual direct labor hours worked Job Job $13,000 $8,000 $21,000 $7,500 1,400 2 Assume Job Y's total job cost is $44,500 and Job 2 total Job cost is $19.250. how many direct lahar hon