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Harnett Corporation has two manufacturing departments - - Molding and Assembly. The company used the following data at thebeginning of the period to calculate predetermined
Harnett Corporation has two manufacturing departmentsMolding and Assembly. The company used the following data at thebeginning of the period to calculate predetermined overhead rates:
Estimated total machinehours MHs: molding assembly total
Estimated total fixed manufacturing overhead cost: molding $ assembly $ total $
Estimated variable manufacturing overhead cost per MH molding$ assembly $
During the period, the company started and completed two jobsJob E and Job M Data concerning those two jobs follow:
Job E Job M
Direct materials $ $
Direct labor cost $ $
Molding machinehours
Assembly machinehours
Required:
a Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculatethat overhead rate. Round your answer to decimal places.
b Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculatethe amount of manufacturing overhead applied to Job EDo not round intermediate calculations.
c Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculatethe total manufacturing cost assigned to Job EDo not round intermediate calculations.
d Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours and uses amarkup of on manufacturing cost to establish selling prices. Calculate the selling price for Job EDo not roundintermediate calculations.
e Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in bothdepartments. What is the departmental predetermined overhead rate in the Molding department? Round your answer to decimal places.
f Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in bothproduction departments. What is the departmental predetermined overhead rate in the Assembly department? Round youranswer to decimal places.
g Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in bothproduction departments. How much manufacturing overhead will be applied to Job EDo not round intermediatecalculations.
h Assume that the company uses departmental predetermined overhead rates with machinehours as the allocation base in bothproduction departments. Further assume that the company uses a markup of on manufacturing cost to establish sellingprices. Calculate the selling price for Job EDo not round intermediate calculations.
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