Check my wC "Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $2,000. It seems we're either too high to get the job or too low to make any money on half the jobs we bid. Teledex Company manufactures products to customers' specifications and uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year Department Fabricating Machining $ 364,000 $ 416,000 $ 93,600 Assenbly Total Plant $ 873,600 $ 208,000 $ 104,000 $ 312,000 $ 624,000 Manufacturing overhead Direct labor es Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows: Department Machining $ 400 $ 700 Assenbly $2,200 $7,000 Fabricating $3,800 $4,400 Total Plant $ 6,400 $12,100 Direct materials Direct labor Manufacturing overhead 2 2 Required: 1. Using the company's plantwide approach: a. Compute the plantwide predetermined rate for the current year eck my work Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows: Department Machining $ 400 Fabricating $3,800 $4,400 Assembly Total Plant $ 6,400 $12,100 Direct materials Direct labor Manufacturing overhead $2,200 $7,000 $ 700 7 3 Required: 1. Using the company's plantwide approach: a. Compute the plantwide predetermined rate for the current year b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. 2. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the current year. b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. 4. Assume that it is customary in the industry to bid jobs at 150 % of total manufacturing cost (direct materials, direct la bor, and applied overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Comnlate thie neetinn hu anterinn wnr ancwere in the tahe halna 2. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the current year b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 4A Req 4B Using the company's plant wide approach. Compute the plant wide predetermined rate for the current year. Predetermined overhead rate % of direct labor cost Reg 1A Req 18 Ch 2. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermir overhead rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the current year b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and a overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 28 Req 4A Req 4B Using the company's plant wide approach. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Manufacturing overhead cost applied 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor overhead) a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 28 Req 4A Req 4B Suppose that instead of using a plant wide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Manufacturing cverhead cost applied 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and app overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 4A Req 4B Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). What was the company's bid price on the Koopers job using a plant wide predetermined overhead rate? Company's bid price 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applie overhead) a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 28 Req 4A Req 48 Assume that it is customary in the industry to bid jobs at 150 % of total manufacturing cost (direct materials, direct labor, and applied overhead). What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Manufacturing overhead cost applied