Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you show me with detailed calculations how to arrive at each answer. thanks Bierce Corporation has two manufacturing departments--Machining and Finishing. The company used
can you show me with detailed calculations how to arrive at each answer. thanks
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: Machining Finishing 4, e00 $4 Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 6, 000 $ 42, 000 10,000 $ 46, e00 $ 4, 000 $ 2.20 24 6.00 $4 warded 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: ed Job B Job K ok Direct materials Direct labor cost Machining machine-hours Finishing machine-hours $13,700 $ 8,000 $21, 200 $ 8,100 erences 2,500 2,5ee 1, see 3,5ee Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours, Calculate that overhead rate. (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 amountof mani ifacturin A AUerh ead annlied to loh D enat rAUnd intarmedisencalelionc Next > 2 of 5 ( Prev aw 3:55 AM Cation 21 1/26/2020 pe here to search 77.0/100 Tlotal points awarded Help Exit Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (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. (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. (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? (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? (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? (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?. (Do not round intermediate calculations.) production departments. How much manufacturing overhead will be applied to Job B? (I g. Assume that the company uses departmental predetermined overhead rates with mad production departments. How much manufacturing overhead will be applied to Job K? (1 warded per 2$ 9.08 Predetermined overhead rate a. red 2$ 45,400 Manufacturing overhead applied Job B b. Manufacturing overhead applied Job K 45,400 C. per 2$ 3.20 Machining predetermined overhead rate Book d. per Is 13.00 erences Finishing predetermined overhead rate e. 2$ 40,500 f. Manufacturing overhead applied job B 50,300 Manufacturing overhead applied job K g. Graw Hill ducation Next > 2 of 5 ( Prev .......... pe here to searchStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started