Question
Calculating Manufacturing Overhead Rates Glassman Company accumulated the following data for 2016: Milling Department manufacturing overhead $344,000 Finishing Department manufacturing overhead $120,000 Machine hours used
Calculating Manufacturing Overhead Rates Glassman Company accumulated the following data for 2016:
Milling Department manufacturing overhead | $344,000 | |
Finishing Department manufacturing overhead | $120,000 | |
Machine hours used | ||
Milling Department | 10,000 | hours |
Finishing Department | 2,000 | hours |
Labor hours used | ||
Milling Department | 1,000 | hours |
Finishing Department | 1,000 | hours |
Round answers to two decimal places, if applicable. a. Calculate the company-wide manufacturing overhead rate using machine hours as the allocation base. $Answer per machine hour
b. Calculate the company-wide manufacturing overhead rate using direct labor hours as the allocation base. $Answer per machine hour
c. Calculate department overhead rates using machine hours in Milling and direct labor hours in Finishing as the allocation bases. $Answer per Milling Dept. machine hour $Answer per Finishing Dept. direct labor hour
d. Calculate department overhead rates using direct labor hours in Milling and machine hours in Finishing as the allocation bases. $Answer per Milling Dept. direct labor hour $Answer per Finishing Dept. machine hour
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