Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Bakker Restaurant Supply manufactures commercial stoves and ovens for restaurants and bakeries. Bakker uses job costing to calculate the costs of its jobs with direct

image text in transcribed

Bakker Restaurant Supply manufactures commercial stoves and ovens for restaurants and bakeries. Bakker uses job costing to calculate the costs of its jobs with direct labour cost as its manufacturing overhead allocation base. At the beginning of the current year, Bakker estimated that its overhead for the coming year would be $356,400. It also anticipated using 27,000 direct labour hours for the year. Bakker pays its employees an average of $24 per direct labour hour. Bakker just finished Job 371, which consisted of two large ovens for a regional bakery. The costs for Job 371 were as follows: : (Click the icon to view the job costs.) Requirements 1. What is Bakker's predetermined manufacturing overhead rate based on direct labour cost? 2. Calculate the manufacturing overhead to be allocated based on direct labour cost to Job 371. 3. What is the total cost of Job 371? Requirement 1. What is Bakker's predetermined manufacturing overhead rate based on direct labour cost? Determine the formula to calculate Bakker's predetermined overhead rate based on direct labour costs, then calculate the rate. = Predetermined overhead rate % of DL cost Data Table Requirement 2. Calculate the manufacturing overhead to be allocated based on direct labour cost to Job 371. Determine the formula to calculate the overhead to be allocated based on direct labour to Job #371, then calculate the manufacturing overhead allocated. (Round your answer to the nearest whole dollar.) Job 371 $ Manufacturing overhead allocated Direct materials used Direct labour hours used 16,500 160 % Requirement 3. What is the total cost of Job 371? Job #371 Print Done Total job cost

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

Linear Algebra A Modern Introduction

Authors: David Poole

3rd edition

978-0538735452

Students also viewed these Accounting questions