Department Fabricating Machining Assembly Total Plant Manufacturing overhead $ 364,666 55 416,666 $ 93,666 5 873,666 Direct labor $ 268,666 $ 194,999 $ 312,999 $ 624,666 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 Fabricating Machining Assembly Total Plant Direct materials $ 3,866 $ 466 $ 2,266 $ 6,466 Direct labor 5; 4,499 $ 799 $ 7,999 $12,199 Manufacturing overhead P P P P 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 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. Required 1A Required 13 Required 2A Required ZB Required 4A Required 45 Using the company's plantwide approach, compute the plant wide predetermined rate for the current year. -% Required 1A Required 1B Required 2A Required 2B Required 4A Required 4B Using the company's plantwide approach, determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Required 1A Required 1B Required 2A Required 2B Required 4A Required 43 Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Compute the predetermined overhead rate for each department for the current yean Fabricating department "A: of direct labor cost Machining department "A: of direct labor cost Assembly department "A: of direct labor cost Required 1A Required 1B Required 2A Required 2B Required 4A Required 43 Suppose that instead of using a plantwide 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 Keepers job. Required 1A Required 18 Required 2A Required 2B Required 4A Required 43 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 plantwide predetermined overhead rate? Required 1A Required 13 Required 2A Required ZB Required 4A Required 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 would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost
