Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ive figured out the overhead costs correctly as you can see and I have the direct material cost and the direct labor cost correct I
Ive figured out the overhead costs correctly as you can see and I have the direct material cost and the direct labor cost correct
I am not sure what I am doing incorrectly when trying to figure out the milling department manufacturing overhead and the finishing department manufacturing overhead . If I can figure this out the total will be correct
d. Calculate the cost of Job 845 using a machine hour departmental overhead rate for the Milling Department and a direct labor hour overhead rate for the Finishing Department. Milling Department manufacturing overhead Finishing Department manufacturing overhead Machine hours used Milling Department Finishing Department Labor hours used Milling Department Finishing Department $352,000 $128,000 10,000 hours 2,000 hours 1,000 hours 1,000 hours Round rates to two decimal places, if needed $35.2 per Milling Dept. machine hour $128per Finishing Dept. direct labor hour Use rounded overhead rates calculated above for calculations below. Round cost answers to the nearest whole number, when needed Job 845 Direct materials cost 9,000 Direct labor cost 3,000 Manufacturing overhead costs: Milling Department 352,000 Finishing Department 256,000 Total cost $ 620,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started