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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

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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: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Machining 8,000 $ 16,000 $ 3.00 Finishing 2,000 $ 9,400 $ 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: Direct materials Direct labor cost Machining machine-hours Finishing machine-hours Required: Job B Job K $ 21,700 $ 21,800 $ 8,600 $ 8,400 6,750 1,250 1,250 750 a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. Note: 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. Note: Do not round intermediate calculations. c. 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. Note: Do not round intermediate 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? Note: 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? Note: 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? Note: 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? Note: Do not round intermediate calculations. a. Predetermined overhead rate b. Manufacturing overhead applied Job B per MH c. Manufacturing overhead applied Job K d. Machining predetermined overhead rate per MH e. Finishing predetermined overhead rate per MH f. Manufacturing overhead applied job B g. Manufacturing overhead applied job K Total 10,000 $ 25,400

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a To calculate the plantwide predetermined overhead rate based on machinehours we need to divide the total estimated manufacturing overhead cost by the total estimated machinehours Total estimated man... blur-text-image

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