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Hultquist Corporation has two manufacturing departments - Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined
Hultquist Corporation has two manufacturing departmentsForming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates:
escinaced cords wachanenours ans
Estimated total fixed manufacturing overhead cost
Estimated variable manufacturing overhead cost per WH
Forming
$
Customizing
$
Total
$
During the perlod, the company started and completed two jobsJob C and Job L Data concerning those two jobs follow
Direct materials
Direct labor cost
customizing machinehours
$
$
$
$
Required:
a Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate that overhead rate. Round your answer to decimal places.
b Assume that the company uses a plantide predetermined manufacturing overhead rate based on machinehours, Calculate the amount of manufacturing overhead applied to Job L Do nor round Intermedlate calculations.
C Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the total manufacturing cost assigned to Job LDo not round Intermedlate 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 LDo 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 Forming department? Round your answer to decimal places.
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 Customizing department? 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 LDo not round intermediate calculations.
Predetermined overhead rate
Manufacturing overhead applied
per MH
Forming predelermined overhead rate
Customizing predetermined overhead rate
Manufacturing overhead applied job L
per MH per MH
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