Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hahn Company uses a joborder costing system. Its plantwide predetermined overhead rate uses direct laborhours as the allocation base. The company pays its direct laborers

image text in transcribed
Hahn Company uses a joborder costing system. Its plantwide predetermined overhead rate uses direct laborhours as the allocation base. The company pays its direct laborers $15 per hour. During the year. the company started and completed only two jobsJob Alpha. which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials '? Direct labor ? Manufacturing overhead applied ? Total job cost $1,533,500 Direct materials $235,000 Direct labor 345,000 Manufacturing overhead applied 184,000 Total job cost $ 764,000 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. 2.8 EXERCISE 24; Applying Overhead Cost; Computing Unit Product Cost! L022, L023 Newhard Company assigns overhead cost tojobs on the basis of 125% of direct labor cost. The job cost sheet for Job 31.1 includes $10,000 in direct materials cost and 512000 in direct labor cost. A total of 1,000 units were produced in Job 313. Required: What is the total inanuieturing cost assigned to Job 313? What is the unit product cost for Job 313

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals

Authors: John Wild

4th Edition

0078025591, 9780078025594

More Books

Students also viewed these Accounting questions

Question

2. Develop a good and lasting relationship

Answered: 1 week ago

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago