Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
Maristad Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: ut of uestion Machining Assembly Total Estimated total machine-hours (MHs) 7,000 3,000 10,000 Estimated total fixed manufacturing overhead $ 39,200 $ 6,600 $ 45,800 cost Estimated variable manufacturing overhead $ 1.90 $ 2.10 cost per MH During the most recent month, the company started and completed two jobs --Job B and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job B Job G Direct materials Direct labor cost $ 14,800 $ 8,300 $ 22,000 $ 8,900 4.800 Machining machine-hours Assembly machine-hours 2,200 1,200 1,800 Job B Job G Direct materials $ 14,800 $ 8,300 $ 22,000 $ 8,900 Direct labor cost 4,800 2,200 Machining machine-hours Assembly machine-hours 1,200 1,800 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job G is closest to: A) $26,160 B) $27,480 C) $39,240 D) $7,848 Select one: O a. A Ob.B c. D O d

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions