Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct

image text in transcribed
image text in transcribed
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company's direct labor wage rate is $16.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Finishing $410 $128 Fabrication $ 60 Required: 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 15 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2 Unit product cont por unit WESCU - pes The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machine-hours in Dept. B. At the beginning of the year, the Corporation made the following estimates Dept. A Dept. B Direct labor cost $ 60,000 $40,000 Manufacturing overhead $ 90,000 $ 45,000 Direct laber-hours 6,000 9.000 Machine-hours 2.000 15,000 What predetermined overhead rates would be used in Dept. A and Dept. B, respectively? A) 67% and $3.00 8) 150% and $5.00 150% and $3.00 DI 67and $5.00 OR MacBook Air 1 * 4 % 5 & 7 6 8 0 E R T Y U F G H J

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

Financial Accounting A User Perspective

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

6th Canadian Edition

470676604, 978-0470676608

Students also viewed these Accounting questions