Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cast Iron Fabrication allocates manufacturing overhead to each job using departmental overhead rates. The company's operations are divided into a casting department and a finishing

Cast Iron Fabrication allocates manufacturing overhead to each job using departmental overhead rates. The company's operations are divided into a casting department and a finishing department. The casting department uses a departmental overhead rate of $ 60 per machine hour, while the finishing department uses a departmental overhead rate of $ 23 per direct labor hour. Job A216 used the following direct labor hours and machine hours in the two departments:
Actual results
Casting
Department
Finishing
Department
Direct labor hours used
5
13
Machine hours used
4
5
The cost for direct labor is $ 41 per direct labor hour and the cost of the direct materials used by Job A216 is $ 2 comma 000.
How much manufacturing overhead would be allocated to Job A216 using the departmental overhead rates?
Question content area bottom
Part 1
A.$ 539
$ 539
B.$ 415
$ 415
C.$ 704
$ 704
D.$ 1 comma 712
$ 1 comma 712

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_2

Step: 3

blur-text-image_3

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

Microfinance

Authors: Gianfranco A. Vento, Mario La Torre

4th Edition

1403997896, 9781403997890

More Books

Students also viewed these Accounting questions

Question

What are the two forms of change?

Answered: 1 week ago

Question

Is this continuous at -2 1 -0 1

Answered: 1 week ago