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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 predetermined overhead rates
Bierce 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 FinishingTotal Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 10,000 $ 64,000 66,400 8,000 2,000 2,400 $2.10 $ 6.00 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 $15,700 $8,000 $22,500 $2,700 Direct materials Direct labor cost Machining machine-hours Finishing machine-hours 1,300 700 600 7,400
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