Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Department Machine-hours Direct labour-hours Direct materials cost Direct labour cost 250 70 $840 $610 60 120 $1,100 $880 At the end of the year, the

image text in transcribed

Department Machine-hours Direct labour-hours Direct materials cost Direct labour cost 250 70 $840 $610 60 120 $1,100 $880 At the end of the year, the records of Montana showed the following actual cost and operating data for all jobs worked on during the year. B Machine-hours Direct labour-hours Direct materials cost Manufacturing overhead cost Department A 61,000 20,000 28,000 66,000 $156,000 $284.000 $385,000 $705,000 Required: a. Compute the pre-determined overhead rates for Department A and Department B (4 marks) b. Compute the total overhead cost applied to Job 243 (2 marks) c. Computer the amount of under-applied or over-applied overhead in each department at the end of the current year (4 marks) Cover Page Q1 Q2 Q3 Q4 05 06 07 08 09 Department Machine-hours Direct labour-hours Direct materials cost Direct labour cost 250 70 $840 $610 60 120 $1,100 $880 At the end of the year, the records of Montana showed the following actual cost and operating data for all jobs worked on during the year. B Machine-hours Direct labour-hours Direct materials cost Manufacturing overhead cost Department A 61,000 20,000 28,000 66,000 $156,000 $284.000 $385,000 $705,000 Required: a. Compute the pre-determined overhead rates for Department A and Department B (4 marks) b. Compute the total overhead cost applied to Job 243 (2 marks) c. Computer the amount of under-applied or over-applied overhead in each department at the end of the current year (4 marks) Cover Page Q1 Q2 Q3 Q4 05 06 07 08 09

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions