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fools Add-ons Help All changes saved in Drive ext, Times New.. - 12. BI VA C O - IE E- - 5 6) Olmscheid Corporation

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fools Add-ons Help All changes saved in Drive ext, Times New.. - 12. BI VA C O - IE E- - 5 6) Olmscheid Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: 24 POINTS Moldin Customizi Total 5,000 5,000 Estimated total machine-hours (MH) 10,000 $21,000 $14,000 $35,000 Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $1.50 $2.40 During the period, the company started and completed two jobs--Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job F Job K Direct materials $12,700 $6,400 Direct labor cost $19,100 $7,900 Molding machine-hours 3,400 1,600 Customizing machine-hours 2,000 3,000 als Add-ons Help All changes saved in Drive Times New... - 12 - BIVA - E 15 E E 123456 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job F. c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K. d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job F. c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job K. f. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. Calculate the selling price for Job F. for Ioh E g. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. Calculate the selling price for Job K. h. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. If both jobs were sold during the month, what was the company's cost of goods sold for the month

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