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derermine the total cost charged at job 101 Save Company uses a job order costing system at its local plant. The plant has a machining
derermine the total cost charged at job 101
Save Company uses a job order costing system at its local plant. The plant has a machining department and a finishing department. The company uses machine hours to allocate machining department overhead costs to jobs and uses direct labor cost to allocate finishing department overhead costs to jobs. Cost and practical capacity estimates for the current year are as follows: (Click the icon to view the cost ar Requirements Data table - X (a) Determine the cost driver rate (b) Cost records for job 101 show t (Click the icon to view the Determine the total cost charge Machining Department Finishing Department $ 7,000 $ 1,300 $ 290 $ 670 6 31 Requirement (a) Determine the cos Identify the formula, then calculate th Estimate Print Machining department Direct materials cost Direct labor cost Direct labor hours Machine hours 50 Done 7 Save Machine hours to allocate machining department overhead costs to jobs and uses direct labor cost to allocate finishing department overhead costs to jobs. Cost and costing system at its local plant. The plant has a machining department and a finishing department. The company uses practical capacity estimates for the current year are as follows: (Click the icon to view the cost and practical capacity estimates.) Requirements (a) Determine the cost driver rate for each department. (b) Cost records for job 101 show the following: (Click the icon to view the cost records.) Determine the total cost charged to job 101. errass Requirement (a) Determine the cost driver rate for each department. Identify the formula, then calculate the cost driver rate for each department. (Enter your answers as whole numbers.) Estimated indirect cost / Practical capacity Cost driver rate 8,000 224,000 Machining department 162,500 $ 250,000 Finishing department Requirement (b) Determine the total cost charged to job 101. The total cost charged to job 101 is $19648. 28 65 per machine hour % of DL cost Step by Step Solution
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