Capton Corporation has two production departments, Molding and Customiting. The company uses a job-order costing system and computes a predetermined overhead rate in each peoduction department. The Moldine Department's perdetermined overhead rate is based on machine-hours and the Customining Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following. ettimates: During the most recent month, the compary atartied and completed leo K369. Data concerning the ibb is below. Alequired: Show pour calkulations to cot fill ereda. 14 points 2. Calculate the total bisfeted ovectiend for the vear in Molisne usine Machife Hours 26. Calculate the saredeprmaked owimead rate for the year for Molling 25 Calculate the sotal budgeted overhead for the vear in Cuslomiring usine Direct Labor Hown 20 Calculate tite presetremined overthead rate for the yeat for Customirine Caiculate the total amoum of overtead applied to ho raes in boti sepurtmants Richards Corgoration uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labot-hours, The company based its predetermined overhoad rate for the current year on 50,000 direct labor-toun, total fives manufacturint overhead cost of $390,000, and a variable manufacturifg overhead rate of $4.40 ser direct labor hour, 1009941, which was for 5.0 units of a custom product, was recently completed. The job cost she 141716000 Duting Juse, the following transactions occurred for Van Halen Copporation: 1 Purchused $99,000 of raw materials on credit to add to its raw materials inventory. 2$84,000 in raw materials were requilitioned from the storeroom for use in production, these requisitioned raw materials included $24,000 of indirect materials. 3 Wabes Expenue totaled $40,000, of which $3,500 was indirect labor, was accrued. 4 Actual manulacturine overhead costs incurred was $94,000 5 Manufetturing overhead costs applied was $24,500 6. Costs of units completed and tratalerred from werk ie Process to Fivith Goodt was $150,000 7 Acy owerapplied or underapolies manufacturint overtead is dlosed to Cost of Goods sold. 8 Finished Goods in the amount of $222,600 is sold on acteunt for $450,000. Mequired: 30 polnts Prepare joumal entries to recoed the above transactiond. Townsend Corporation kas two manufacturing departments.-Forming and Customiaine. The company used the following data at the beginning of the period to calculate predetermined everihead rates: Drint the period, the companystarted and completed two jobs-job C and 100LL Data concernine thoie two jobs follow: Calculate the company plartwide 3a. predetermined manufacturing overthend rate based on mathine hours. (llound rour answer lo 2 secimal places ) Cakilate the amount of munulactione covertead abplied to lobs Cand L ving the 16 sibntalde predeterminte manularturine vertiend rate from 3a. (0) nestreasd Celtulate the toid mandacturine ceut of 3x jabs C bhat 1 vaine vour amoume from part b wad sto amoint ofwh alwere. QUESTION 5 Hendrix Cotporation has provided the following data for the month of November: Requiredt 27 points Frepare a scheduff, of cest ef opedi Manutactured and a Schedule of Cout of Geeds Sold
