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Comprehensive Problem 5 (Algo) [The following information applies to the questions displayed below.] The Gilster Company, a machine tooling firm, has several plants. One plant,
Comprehensive Problem 5 (Algo) [The following information applies to the questions displayed below.] The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $230,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 32 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 32 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Find the department overhead rate using expected machine hours for Department A and Department B. (Round your answe to 2 decimal places.) Req B1 Req B Req R3 Find the plant wide overhead rate by using expected machine hours. (Round your answer to 2 decimal places.) \begin{tabular}{|l|lr|l|} \hline Plantwide overhead rate & $ & 3.85 & per machine hour \\ \hline \end{tabular} Assume the St. Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Use expected total direct labor hours to compute the overhead rate. (Round your answer to 2 decimal places.)
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