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Marblex manufactures marble statues. In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Department X and 8,000 direct manufacturing labor-hours
Marblex manufactures marble statues. In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Department X and 8,000 direct manufacturing labor-hours in Department Y. The budgeted manufacturing overheads for the month were $60,000 and $64,000, respectively. For Job A, the actual costs incurred in the two departments were as follows: Department X artment Direct materials purchased on account $110,000 $177,500 40,000 55,000 11,000 5,000 16,250 1,000 Direct materials used 13,500 53,500 9,000 4,750 3,750 1,250 Direct manufacturing labor Indirect manufacturing labor Indirect materials used Lease on equipment Utilities Job A incurred 800 machine-hours in Department X and 300 manufacturing labor-hours i Department Y. The company uses a budgeted overhead rate for applying overhead to production. Required: a. Determine the budgeted manufacturing overhead rate for each department. b. Prepare the necessary journal entries to summarize the March transactions for Department X. c. What is the total cost of Job A
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