Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine hours. At the beginning of the year, the company made
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine hours. At the beginning of the year, the company made the following estimates: Machine hours requred to support estimated production Fixed manufacturing overhead cost Vanabio manufacturing overhead cost per machine-hour 150.000 654,000 $ 420 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead I per MH 2. During the year Job 500 was started and completed. The following information was available with respect to this job Direct materials requisioned Direct labor COS Machine-hours used $ 270 Compute the total manufacturing cost assigned to Job 500. (Round your intermediate calculations and final answer to 2 decimal places.) Total manufacturing cost 2. During the year Job 500 was started and completed. The following information as available with respect to jo Doct manasoned Direct labor cost Machine-hours used Compute the total manufacturing cost assigned to Job 500. Round your interme Total manufacturing Cost 3-a. During the year the company worked a total of 145.900 machine horson Round your intermediate calculations to 2 decimal places. and incred u cting overhead costs of 51 221,806. What is the
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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