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FAST FAST FAST ANSWER PLEASE 05 Lyon Manufacturing uses a job order cost system in each of its three mafacturing departments Manufacturing overhead is applied
FAST FAST FAST ANSWER PLEASE
05 Lyon Manufacturing uses a job order cost system in each of its three mafacturing departments Manufacturing overhead is applied to jobs on the basis of direct labcie cost in Depoitment F, and machine hours in Department 1. In establishing the predetermined overhead rates for 2018, the following estimates were made for the year. Department Manufacturing overhead Direct labor cost Direct labor hours Machine hours F $780,000 $600.000 50,000 100.000 $750,000 $600,000 50.000 100.000 During January, the job cost sheets showed the following costs and production data Department F H Direet materials used $92,000 $92,000 Direct labor cost $48.000 $50,400 Manufacturing overhead incurred S66,000 S62,100 Direct labor hours 4.000 4,200 Machine hours 8.000 12,600 Required: (a) Compute the predetermined overhead rate for each department (b) Compute the total manufacturing costs assigned to jobs in January in each department. (c) Compute the under-or over applied overhead for each department at January 31 Step by Step Solution
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