New Tab When - XC HOME DATA VIEW K Cut Font Name - Font Site TabStop Wrap Text Copy B Insert Column Y Delete Column 3. Insert Row 3. Delete Row Overline Conditional Formatting Remove Conditional Forma Merge Cell CLICK HERE TO SAVE YOUR WORK K A B D E F G H 1 90 J M 91 92 Question 2 - Job order costing (21 marks) 93 a) Gladys Ltd. uses a job-order costing system and applies overhead cost to jobs using predetermined overhead rates. Overhead in each department is 94 allocated on the basis of machine-hours. The following estimates were made at the beginning of the year: 95 Department Department B 96 Estimated machine-hours 1,200 750 97 Estimated total fixed manufacturing overhead $ 9,000 $ 13,500 98 Estimated variable manufacturing overhead per machine-hour $ 1.50 $ 2.10 99 The company's records show the information below about Job 305 that was started and completed during the year: 100 Job 305 101 Direct materials $ 12,000 102 Direct labour cost $ 18,000 103 Machine hours used: 104 Department A 420 Department 280 106 700 107 Instruction 108 ) Calculate the predetermined overhead rates in departments A and B (6 marks). 109 110 111 112 113 105 115 14 Sheet1 New SHINGTON 2 3 5 6 7 8 R A S D F G K K New Tab -XCIO HOME DATA VIEW L * Cut Font Name Font Size - TabStop Wrap Text Overline Peste Copy B 1 Insert Column Y Delete Column 3- Insert Row >Delete Row Merge Cell Conditional Formatting 8 Remove Conditional Formats CLICK HERE TO SAVE YOUR WORK B D D E 127 F G H 1 J K M 128 129 130 ) Determine the total manufacturing cost assigned to Job 305 (5 marks) 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 168 149 150 m Compute the selling price to be charged for Job 305 if the company's selling price is a markup percentage of 60% of total manufacturing cost (2 marks) 151 152 153 154 14. Sheet New IVIVOBOOK 2 3 4 5 7 8 0 E R T Y S F G H K