Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Oriole Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs

image text in transcribed
image text in transcribed
Current Attempt in Progress Oriole Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2022, the following estimates were made for the year. Department D E K $ 1.787,500 $ 990,000 $1,237,500 $ 1.650,000 $1.375.000 $ 495,000 Manufacturing overhead Direct labor costs Direct labor hours Machine hours 110,000 137.500 44,000 440,000 550,000 132,000 The following information pertains to January 2022 for each manufacturing department D K Department E $ 138,600 $121,000 $ 154,000 $ 85,800 $ 132,000 $ 41,250 Direct materials used Direct labor costs Manufacturing overhead incurred Direct labor hours $ 108,900 $ 136,400 $ 86,900 8,800 12.100 3.850 Machine hours 37.400 49.500 11.440 Question 5 of 5 -14 V au $ 132,000 $ 121.000 $ 41.250 Direct labor costs Manufacturing overhead incurred Direct labor hours $ 108,900 $ 136,400 $ 86,900 8,800 12,100 3,850 Machine hours 37.400 49.500 11,440 (a) Compute the predetermined overhead rate for each department. (Round per machine hour answer to 2 decimal places, eg. 12.50 and other answers to decimal places, eg. 25 or 25%) Overhead rate Department D % Department E $ per direct labor hour Department $ per machine hour eTextbook and Media

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

Step: 3

blur-text-image

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

Cost Accounting A Decision Emphasis

Authors: Germain Boer, Debra Jeter

5th Edition

0759341559, 978-0759341555

More Books

Students also viewed these Accounting questions