Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bulla Corporation has two praduction departments, Machiring and Custornizing.The oompany uses a job-order casting system and computes a predetermiined overhead rate in each praduction department.

image text in transcribed

Bulla Corporation has two praduction departments, Machiring and Custornizing.The oompany uses a job-order casting system and computes a predetermiined overhead rate in each praduction department. The Machining Department's predeternined averhead rate is based an machine-hours and the Custornizing Department's predetermined averhead rate is based on drect labor-hours. At the begirning of the current year, the company had made the following estimates: Machining Customlzng 24,000 15DO 2000 S 70,500 Direct labar-hau Total fixed manufacturing overhead cost 108,000 Variable manufacturing ovemead per variable manufectuing ovemead per $ 1.50 direct labar-hour S 3.00 During the current month the company started and finished Job K369. The tollowing data were recorded for this job: Job K365 Machina-hars Direct labor-hours Machining Customizing 40 Required: the following: Predetermned OH rate for (round to 2 decimel places) Prodetermnad OH rata tar Customizing (raund ta 2 decimal places) applied to job $ K369 through both departments (do not inc uda commas)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Systems Direct Auditing Practice Case IBM Book Workbook And 5.25 Disk

Authors: Dieter Weiss, Gaylord N. Smith

1st Edition

0538809051, 978-0538809054

More Books

Students also viewed these Accounting questions