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