Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to do the Requirement 5 and 6 ? Rear Data Table Com hole. (Use Man Machining Department 10,070,000 $ 970,000 34,000 190,000 Manufacturing overhead

image text in transcribedimage text in transcribedimage text in transcribedHow to do the Requirement 5 and 6 ?

Rear Data Table Com hole. (Use Man Machining Department 10,070,000 $ 970,000 34,000 190,000 Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Finishing Department $ 8,217,000 $ 4,150,000 150,000 Man Dep 34,000 Tota Reg Print Print Done Done] TeSL. UIT-le yui2 IUI Vilapler 4 SUDTIL Test This Question: 1 pt 5 of 7 (3 complete) This Test: 7 pts possible The Pisano Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Pisano uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2017 budget for the plant is as follows: (Click the icon to view the 2017 budget.) Read the requirements. Requirement 5. Amounts at the end of 2017 are as follows: Click the icon to view the amounts at the end of 2017.) Compute the under- or overallocated manufacturing overhead for each department and for the Dover plant as a whole. (Use parentheses or a minus sign for overallocated manufacturing overheads.) Machining Department Finishing Department Manufacturing overhead incurred Manufacturing overhead allocated Department underallocated (overallocated) Total underallocated (overallocated) Requirement 6. Why might Pisano use two different manufacturing overhead cost pools in its job-costing system? A homogeneous cost pool is one where all costs have V cause-and-effect or benefits-received relationship with the cost-allocation base. Pisano likely assumes that all its manufacturing overhead cost items homogeneous. Pisano believes that the benefits of using exceeds the costs of Choose from any list or enter any number in the input fields and then continue to the next question. IITTO This Question: 1 pt 5 of 7 (3 complete) This Test: 7 pts possible Requirements 1. Identify the components of the overview diagram of Pisano's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Machining Department Finishing Department

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

Study Guide For Use With Managerial Accounting

Authors: Ronald M. Copeland, Paul E. Dascher, Jerry R. Strawser, Robert H. Strawser

1st Edition

0873937651, 978-0873937658

More Books

Students also viewed these Accounting questions