Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kalp Corporation has two production departments, Machining and Finishing. The company uses a job order costing system and computes a predetermined overhead rate in each

image text in transcribed
Kalp Corporation has two production departments, Machining and Finishing. The company uses a job order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor hours At the beginning of the current ye the company had made the following estimates: Machining Finishing Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 19,000 12,000 8,000 $69,600 2,000 $136,800 $ 1.80 $ 3.20 During the current month the company started and finished Job K928. The following data were recorded for this job: Job K928: Machining Finishing Machine-hours 10 Direct labor-hours 30 se Direct materials $775 $ 415 $1,ese Direct labor cost $630 The total amount of overhead applied in both departments to Job K928 is closest to: (Round your intermediete calculetions to 2 decimal places.)

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

Management And Cost Accounting

Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster

1st Edition

0130805475, 978-0130805478

More Books

Students also viewed these Accounting questions