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Exercise 2-7 (Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct
Exercise 2-7 (Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $20.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 69,900 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below. Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost $2,872,000 Job Onega Direct materials Direct labor Manufacturing overhead applied Total job cost Required: $454,500 594,500 391,500 $ 1,440,500 1. Calculate the plantwide predetermined overhead rate 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. 5751455 Total job cost Required: $ 1,440,500 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Plantwide predetermined overhead rate per DLH Required 2 > Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Manufacturing overhead applied Total job cost $ 0 < Required 1
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