Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Laflame Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for

Laflame Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 70,000
Total fixed manufacturing overhead cost $ 357,000
Variable manufacturing overhead per machine-hour $ 3.90

The estimated total manufacturing overhead is closest to:

Multiple Choice

$273,000

$630,000

$357,004

$357,000

Almaraz Corporation has two manufacturing departments--Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

Forming Finishing Total
Estimated total machine-hours (MHs) 7,000 3,000 10,000
Estimated total fixed manufacturing overhead cost $ 40,600 $ 8,100 $ 48,700
Estimated variable manufacturing overhead cost per MH $ 1.30 $ 2.80

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. That predetermined manufacturing overhead rate is closest to:

Multiple Choice

$6.62

$4.87

$4.10

$7.10

Mundorf Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

Forming Assembly Total
Estimated total machine-hours (MHs) 9,000 1,000 10,000
Estimated total fixed manufacturing overhead cost $ 52,200 $ 2,400 $ 54,600
Estimated variable manufacturing overhead cost per MH $ 2.00 $ 2.10

During the most recent month, the company started and completed two jobs--Job B and Job H. There were no beginning inventories. Data concerning those two jobs follow:

Job B Job H
Forming machine-hours 6,100 2,900
Assembly machine-hours 400 600

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job B is closest to:

Multiple Choice

$48,555

$35,490

$2,988

$45,567

Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

Casting Assembly Total
Estimated total machine-hours (MHs) 8,000 2,000 10,000
Estimated total fixed manufacturing overhead cost $ 44,000 $ 4,200 $ 48,200
Estimated variable manufacturing overhead cost per MH $ 1.90 $ 3.00

During the most recent month, the company started and completed two jobs--Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow:

Job A Job H
Casting machine-hours 5,400 2,600
Assembly machine-hours 800 1,200

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job H is closest to: (Round your intermediate calculations to 2 decimal places.)

Garrison 16e Rechecks 2017-06-28

Multiple Choice

$8,328

$26,372

$18,316

$18,044

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

Step: 3

blur-text-image

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

Auditing Trust And Governance Developing Regulation In Europe

Authors: Reiner Quick, Stuart Turley, Marleen Willekens

1st Edition

0415448905, 9780415448901

More Books

Students also viewed these Accounting questions

Question

Identify three important rules in drafting email messages.

Answered: 1 week ago