Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Meenach Corporation uses a Job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead
Meenach Corporation uses a Job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 60.000 direct labor-hours, total fixed manufacturing overhead cost of $114,000, and a variable manufacturing overhead rate of $4.90 per direct labor-hour. Recently Job X387 was completed and required 170 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round Intermediate calculations.) Overhead applied to Job X387 Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 42,000 direct labor-hours, total fixed manufacturing overhead cost of $361,200, and a vanable manufacturing overhead rate of $2.40 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours Direct materials Direct labor cost 200 $ 400 $ 5,900 Required: Calculate the selling price for Job X941 If the company marks up its unit product costs by 20%. (Round your intermediate calculations and final answer to 2 decimal places.) Seling price per unit Bulla Corporation has two production departments, Machining and Customizing. 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 Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Machining Customizing 29,eee 16,eee 4.800 4.000 $118,9ee $76,820 $ 1.50 $ 3.ee During the current month the company started and finished Job K369. The following data were recorded for this job: Job K369: Machining Customizing Machine-hours Direct labor-hours 30 98 60 20 Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round Intermediate calculations.) Overhead applied
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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