Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with part (b) Thanks in advance! Oriole Company uses a job order cost system in each of its three manufacturing departments Manufacturing

I need help with part (b)
Thanks in advance!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Oriole Company uses a job order cost system in each of its three manufacturing departments Manufacturing overhead is applied to Jobs on the basis of direct labor cost in Department D. direct labor hours in Department E, and machine hours in Department In establishing the predetermined overhead rates for 2022. the following estimates were made for the year, Department D K $1,042,800 $1,540,000 $792,000 Manufacturing overhead Direct labor costs $1,320,000 $1,100,000 $396,000 88,000 110,000 35.200 Direct labor hours 352.000 440,000 105.600 Machine hours The following information pertains to January 2022 for each manufacturing department. Department Direct materials used $123,200 $110,880 $68,640 $105,600 $96,800 $33,000 $87,120 $109,120 $69,520 Direct labor costs Manufacturing overhead incurred Direct labor hours Machine hours 7.040 9,680 3,080 29,920 39,600 9.152 Your answer is correct Compute the predetermined overhead rate for each department. (Round per mocht hour answer to 2 decimal places, s. 12.50 and other answers to decimal places, eg. 25 or 25%) Overhead rate Department D 79 % Department E $ 14 per direct labor hour Department $ 7.50 per machine hour X Your answer is incorrect. Compute the total manufacturing costs assigned to jobs in January in each department Manufacturing Costs Department 516384 Department E $ 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_2

Step: 3

blur-text-image_3

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 and Managerial Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

11th Edition

9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895

More Books

Students also viewed these Accounting questions