Exercise 20-05 a-c (Part Level Submission) Carla Vista Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $338,040 for the year, and machine usage is estimated at 125,200 hours. For the year, $368,350 of overhead costs are incurred and 132,500 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission) (Video) Oriole Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,200, direct labor $13,920, and manufacturing overhead $18,560. As of January 1, Job 49 had been completed at a cost of $104,400 and was part of finished goods inventory. There was a $17,400 balance in the Raw Materials Inventory account. During the month of January, Oriole Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $141,520 and $183,280, respectively. The following additional events occurred during the month 1. 2. 3. Purchased additional raw materials of $104,400 on account. Incurred factory labor costs of $81,200. Of this amount $18,560 related to employer payroll taxes. Incurred manufacturing overhead costs as follows: indirect materials $19,720; indirect labor $23,200; depreciation expense on equipment $13,920; and various other manufacturing overhead costs on account $18,560 Assigned direct materials and direct labor to jobs as follows. 4. Job No. 50 51 52 Direct Materials Direct Labor $11,600 45,240 34,800 $5,800 29,000 23,200 Calculate the predetermined overhead rate for 2020, assuming Oriole Company estimates total manufacturing overhead costs of $974,400, direct labor costs of $812,000, and direct labor hours of 23,200 for the year Predetermined overhead rate Problem 20-04A a-c (Video) Cullumber 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 2020, the following estimates were made for the year Department Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1,280,000 $1,500,000 $840,000 $1,600,000 $1,312,500 $472,500 42,000 120,000 105,000 125,000 525,000 420,000 During January, the job cost sheets showed the following costs and production data Department Direct materials used Direct labor costs Manufacturing overhead incurred Direct labor hours Machine hours $147,000 $132,300 $81,900 $126,000 $115,500 $39,375 $103,950 $105,000 $82,950 3,675 47,250 10,380 8,400 35,700 11,550 Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 12.50 or 12.50%.) Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, eg, 12.50 or 12.50%.) Overhead rate Department D Department E Department Ks per direct labor hour per machine hour LINK TO TEXTLINK TO TEXT Compute the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department D Department E Department K LINK TO TEXTLINK TO TEXT Compute the under- or overapplied overhead for each department at January 31 Manufacturing Overhead Department D s Department E s Department K LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR