Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to:
\fHarnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following date at the beginning of the period to calculate predetermined overhead rates: Molding Assembly Total Estimated total machine-hours (MHS) 6, BEG 4, Be 18, 808 Estimated total fixed manufacturing overhead cost 43 , 386 $21.608 $ 65, 408 Estimated variable manufacturing overhead cost per MH 2.58 During the period, the company started and completed two jobs-Job E and Job M. Dets concerning those two jobs follow: Job E Job M Direct materials $13 , 780 $7,780 Direct labor cost $28, 808 5 7,608 Molding machine -hours 2, see Assembly machine-hours 2, 580 1. see Required: 0. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job E. (Do not round Intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job E. (Do not round Intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round Intermediate calculations.) e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Molding department? (Round your answer to 2 decimal places.) f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Assembly department? (Round your answer to 2 decimal places.) g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job E? (Do not round Intermediate calculations.) h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20%% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round Intermediate calculations.) Predetermined overhead rate per MH Manufacturing overhead applied Manufacturing cost d. Selling price Molding predetermined overhead rate per MH Assembly predetermined overhead rate per MH Manufacturing averhead applied job E h. Selling price for job E\fBulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate Is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machining Customizing Machine-hours 12,000 19, 090 Direct labor-hours 2,000 5,000 Total fixed manufacturing overhead cost $50,400 $83, 600 Variable manufacturing overhead per machine-hour $ 3.00 Variable manufacturing overhead per direct labor-hour $ 6.00 During the current month the company started and finished Job K369. The following data were recorded for this job: Job K369: Machining Customizing Machine- hours 50 40 Direct labor-hours 40 50 Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round Intermediate calculations.) Overhead appliedMee nach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 52,000 direct labor-hou rs, total xed manufacturing overhead cost of $99,200, and a variable manufacturing overhead rate of $3.40 per direct laborhour. Recently Job X38? was completed and required 27H) direct labor-hours. Required: Calculate the amount of overhead applied to Job X331 [Do not round intermediate calculations} Hultquist Corporation has two manufacturing departmentsForming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machinehours (MHs) 6,888 4,088 10,888 Estimated total fixed manufacturing overhead cost $20,488 $9,588 $30,888 Estimated variable manufacturing overhead cost per MH $ 2.58 $ 5.08 r_____________________________________________________________________________________________________ During the period, the company started and completed two jobsJob C and Job L_ Data concerning those two jobs follow: :Ipb c Job. t. Direct materials $15,500 $9,100 Direct labor cost $22,300 $9,300 Forming machinehours 1,250 4,?50 Customizing machine-hours 1,250 2,?50 r____________________________________________________________ Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate that overhead rate. {Round your answer to 2 decimal places} b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calcuiate the amount of manufacturing overhead applied to Job L. [Do not round intermediate calculations} c- Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the total manufacturing cost assigned to Job L- {Do not round intermediate calculations} d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours and uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. [Do not round intermediate calculations.) e. Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Forming department? [Round your answer to 2 decimal places.' 1'. Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Customizing department? [Round your answer to 2 decimal places} g. Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job L? {Do not round intermediate calculations.) h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. {Do not round intermediate calculations} a Predeten'nined overhead rate _m u Manufacturing overhead applied -- __- Selling price Forming predetonnined overhead rate Customizing predetermrned overhead rate a Mantacturing overhead applied lob L m Selling price for job L \fComans Corporation has two production departments, Milling and Customizing. The company uses a Job-order costing system and computes a predetermined overhead rate In each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling Customizing Machine-hours 27, 080 12,806 Direct labor-hours 16, 080 8,080 Total fixed manufacturing overhead cost $137, 780 $47,200 Variable manufacturing overhead per machine-hour 1.30 Variable manufacturing overhead per direct labor- $ 3.80 hour During the current month the company started and finished Job A319. The following data were recorded for this job: Job A319: Milling Customizing Machine-hours 70 Direct labor-hours 50 40 Direct materials $ 630 $ 170 Direct labor cost $ 760 $ 510 If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice\fJob 652 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $67, 400 Direct labor-hours 1, 240 DLHS Direct labor wage rate $ 14 per DLH Number of units completed 5, 200 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $32 per direct labor-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places.) Unit product costBierce Corporation has two manufacturing departments-Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining Finishing Total Estimated total machine-hours (MHs) 5,909 19,898 Estimated total fixed manufacturing overhead cost 6,509 $ 29,508 $ 36, 903 Estimated variable manufacturing overhead cost per MH 2.06 4.06 During the most recent month, the company started and completed two jobs-Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job B Job K Direct materials $16, 200 $ 8, 490 Direct labor cost $22,709 $ 2, 508 Machining machine-hours 4,609 1, 098 Finishing machine-hours 1,908 4,098 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B. (Do not round Intermediate calculations.) . Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K. (Do not round Intermedlate calculations. Round your answer to the nearest whole dollar amount.) d. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Machining department? (Round your answer to 2 decimal places.) e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Finishing department? (Round your answer to 2 decimal places.) f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job B? (Do not round Intermediate calculations.) g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job K?. (Do not round Intermediate calculations.) 3. Predetermined overhead rate per MH b. Manufacturing overhead applied Job B C. Manufacturing overhead applied Job K d. Machining predetermined overhead rate per MH e . Finishing predetermined overhead rate per MH Manufacturing overhead applied job B 9- Manufacturing overhead applied job KGarza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting Customizing Machine-hours 16,060 12,080 Direct labor-hours 11, 608 2,080 Total fixed manufacturing overhead cost $72,060 $ 8, 600 Variable manufacturing overhead per machine-hour $ 1.40 Variable manufacturing overhead per direct labor- $ 3.50 hour The estimated total manufacturing overhead for the Customizing Department Is closest to: Multiple Choice O $110.500 O $7.000 O $15,600 O $8.600Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 23,000 direct labor-hours, total fixed manufacturing overhead cost of $170,200, and a variable manufacturing overhead rate of $5.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours 400 Direct materials 806 Direct labor cost $ 6,500 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your Intermediate calculations and final answer to 2 decimal places.) Selling price per unit
