Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 13,000 19,000 $62,400 $ 1.20 Customizing 16,000 4,000 $16,400 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct Labor-hour $ 4.50 The estimated total manufacturing overhead for the Customizing Department is closest to: Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 55,000 labor- hours. The estimated variable manufacturing overhead was $10.90 per labor-hour and the estimated total fixed manufacturing overhead was $929,500. The actual labor-hours for the year turned out to be 57,400 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year (Round your answer to 2 decimal places.) Predetermined overhead tate per labor-hour Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor hours. The company based its predetermined overhead rate for the current year on 35,000 direct labor-hours, total fixed manufacturing overhead cost of $273,000, and a variable manufacturing overhead rate of $3.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 250 $ 500 $6,900 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round your intermediate calculations and final answer to 2 decimal places.) Selling price per unit Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Machining Customizing 18,000 20,000 1,800 2,000 $90,000 $88,000 $ 2.00 $ 4.00 During the current month the company started and finished Job K369. The following data were recorded for this job: Job K369: Machine-hours Direct labor-hours Machining 70 40 Customizing 40 60 Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round intermediate calculations.) Overhead applied Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed $58,870 505 labor-hours $ 13 per labor-hour 586 machine-hours 4,700 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine hour. Required: Compute the unit product co that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places Unit product cost
