Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR PRINTER VERSION BACK NEX Exercise 184 Landis Company uses a job order cost system in each of its two manufacturing departments, Manufacturing overhead is

image text in transcribed

image text in transcribed

CALCULATOR PRINTER VERSION BACK NEX Exercise 184 Landis Company uses a job order cost system in each of its two manufacturing departments, Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department A and machine hours in Department B. In establishing the predetermined overhead rates for 2019, the following estimates were made for the year: Department Manufacturing overhead Direct labor cost Direct labor hours Machine hours $2,100,000 1,500,000 100,000 200,000 $1,400,000 1,200,000 100,000 400,000 During January, the job cost sheet showed the following costs and production data: Department B Direct materials used Direct labor cost Manufacturing overhead incurred Direct labor hours Machine hours $195,000 100,000 130,000 8,000 16,000 $128,000 110,000 135,000 8,400 34,000 Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 52.75.) Department A Department B Predetermined overhead rate % $ per machine hour Compute the total manufacturing cost assigned to jobs in January in each department. Department A Department B Total manufacturing costs MacBook Pro During January, the job cost sheet showed the following costs and production data: Direct materials used Direct labor cost Manufacturing overhead incurred Direct labor hours Machine hours Department A B $195,000 $128,000 100,000 110,000 130,000 135,000 8,000 8,400 16,000 34,000 Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 52.75.) Department A Department B Predetermined overhead rate 140 % $ 3.5 per machine hour Compute the total manufacturing cost assigned to jobs in January in each department. Department A Department B Total manufacturing costs $ 435000 357000 $ Compute the balance in the Manufacturing Overhead account at the end of January and indicate whether overhead is over- or underapplied. Balance $ Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMI

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

Auditing And Society Research On Audit Practice And Regulations

Authors: Wally Smieliauskas, Minlei Ye, Ping Zhang

1st Edition

1138314129, 978-1138314122

More Books

Students also viewed these Accounting questions

Question

=+Explain the key responsibilities of each social media role

Answered: 1 week ago