Answered step by step
Verified Expert Solution
Question
1 Approved Answer
De Online Ex Elsentrout Cor Deloria Corpora Jurica Corpora 3.5 pts Question 7 Deloria Corporation has two production departments, Forming and Assembly. The company uses
De Online Ex Elsentrout Cor Deloria Corpora Jurica Corpora 3.5 pts Question 7 Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Forming 19,000 4,000 $129,200 $ 1.60 Assembly 15,000 8,000 $77,600 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- hour $ 3.00 During the current month the company started and finished Job T288. The following data were recorded for this job: Job T288: Machine-hours Direct labor-hours Direct materials Direct Labor cost Forming 80 30 $730 $900 Assembly 10 40 $ 380 $1,200 The total job cost for Job T288 is closest to: (Round your intermediate calculations to 2 decimal places.) $2,302 W ty
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started