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Bierce Corporation has two manufacturing departments - - Machining and Finishing. The company used the following data at the beginning of the year to calculate
Bierce Corporation has two manufacturing departmentsMachining and Finishing. The company used the following data at the
beginning of the year to calculate predetermined overhead rates:
During the most recent month, the company started and completed two JobsJob B and Job K There were no beginning Inventorles.
Data concerning those two jobs follow:
Required:
a Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate that
overhead rate. Round your answer to declmal places.
b Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the
amount of manufacturing overhead applied to Job BDo not round Intermedlate calculatlons.
c Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the
amount of manufacturing overhead applied to Job KDo not round Intermedlate calculatlons. Round your answer to the nearest
whole dollar amount.
d 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 Machining department? Round your answer to declmal
places.
e 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 Finishing department? Round your answer to
decimal places.
f 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 applled to Job BDo not round Intermedlate calculatlons.
g Assume that the company uses departmental predetermined overhead rates wlth machinehours as the allocation base in both
production departments. How much manufacturing overhead will be applied to Job KDo not round Intermedlate calculations.
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