ng Take a Test-Dylan Audio maths.com detet227271281Acenterwinyes Maps The GOAT LOTS- httpwww.matt AMG US Bank Online CABO ADVENTUR 030 Series US 121 - Managerial Accounting SP21 - Sec 5081 Dylan Aude 100 PM Ther:043806 Test Test: Test 2 - Chapters 4 thru 6 This Question: 13pts 29 of 323 complete This Test 100 pta poseb Produd mature la product is besar para Machang Rombly Transfecturing overseas costs for the year are budgeted at 51.006.000 of this out, the Machining Department curso commary for machine sertion and decreciation with my Department non $450.000The company times that we now 4.000 machine to win the Machining Decor 9.000 recabor hours 1.600 Machining Department and 1,000 in the Assembly Department during the year mithion weather formation) Tequirement 1. Compute the company's cute plantede overhead rute Found your interest Begin by determining the form the computer te Parveen Der DLO Requirement Comen refined departmental overheads Determine the formula the compute the malesund your order) Departmental overta Machining per machtour AY per DL how Requirement Wich Job 601) se more of the company's resources? Explain of the company's machine roundhea. The counting the show that one Home Complete total of overhead alocated to each one company on scurton lataide overhead ne Choom tom istorante any number in input and continue to the nec cortion the other MacBook Pro o Search Provider % & Personal Products madures the products in two separate departments Machining and Attembly Total marching overhead costs for the year are busted at 51,064000. Otra mount. The Machining Department marty for machine operation and depreciation while the Adem Deportmontinous S456,000 The company is that it will nur 4.000 machine hour wina Machining Department and creator torta Machining Department and 8.000 tony Dept during the year Co the contoww the animation Pom the Itequirement, Commode the kata amount of verteed alocated to each po it the company was to come partie de Job 601 Torbehou Planiwidelcionale Ovenient location Requirement. Com the amount of vertretend to each job if the company where Job 500 Job Owadocoon Machining Department Overtalin Asany Dent Total din Requirement. De both of the location systems score of the resources each bed? Explain The angle platwide overhead at igned of oveod to both be. The department assign to Job 501 to 100 e We The Requirement. Compute the woman and sale price of each osing the company's current plante de vendred out to the door ter were Job 500 Requirement 7. Compute the total trufacturing cost and soles petice of each pobuning the company's current plantwide overhead ro Round out to the newest coller Embar the potent ma oH ) Job 501 Dect me Director Manufacturing overhead Total mandouring Markup for (N) Requirements. Based on the current law.) location sim, how much problemy think camed on each job? Calculate the gross profunguent costing system Job 500 Job 501 Ses pic Lete: Total tacturing con Gross protoss) Based on the department overhead rais de prindetermined in Requirement how much proto the company really an on! Cow the gross profite departmentale cosing walem (the parents or into www) Job 500 Job Tapice Les Tolmantango Det materiale Director Manilaching over Gross protos) Requirement. Compare and comment on the result you obtained in Requirements 7 and 8. When tloring a single rate allocation method, Percival believes that When furing a ricosting method. Percival relies that i Data Table Percival Products currently uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the company is considering refining its overhead allocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate its overhead using direct labor (DL) hours. The following chart shows the machine hours (MH) and direct labor (DL) hours incurred by Jobs 500 and 501 in each production department: Machining Assembly Department Department Job 500 8 MH 15 DL hours 2 DL hours Job 501 ... 16 MH 15 DL hours 2 DL hours Both Jobs 500 and 501 used $1,000 of direct materials. Wages and benefits total $30 per direct labor hour. Percival Products prices its products at 120% of total manufacturing costs. e con Print Done unti ot i Requirements 1. Compute the company's current plantwide overhead rate. 2. Compute refined departmental overhead rates. 3. Which job (Job 500 or Job 501) uses more of the company's resources? Explain. 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide overhead rate. 5. Compute the total amount of overhead allocated to each job if the company uses departmental overhead rates. 6. Do both allocation systems accurately reflect the resources that each job used? Explain. 7. Compute the total manufacturing cost and sales price of each job using the company's current plantwide overhead rate. 8. Based on the current (plantwide) allocation system, how much profit did the company think it earned on each job? Based on the departmental overhead rates and the sales price determined in Requirement 7. how much profit did it really earn on each job? 9. Compare and comment on the results you obtained in Requirements 7 and 8. Print Done ng Take a Test-Dylan Audio maths.com detet227271281Acenterwinyes Maps The GOAT LOTS- httpwww.matt AMG US Bank Online CABO ADVENTUR 030 Series US 121 - Managerial Accounting SP21 - Sec 5081 Dylan Aude 100 PM Ther:043806 Test Test: Test 2 - Chapters 4 thru 6 This Question: 13pts 29 of 323 complete This Test 100 pta poseb Produd mature la product is besar para Machang Rombly Transfecturing overseas costs for the year are budgeted at 51.006.000 of this out, the Machining Department curso commary for machine sertion and decreciation with my Department non $450.000The company times that we now 4.000 machine to win the Machining Decor 9.000 recabor hours 1.600 Machining Department and 1,000 in the Assembly Department during the year mithion weather formation) Tequirement 1. Compute the company's cute plantede overhead rute Found your interest Begin by determining the form the computer te Parveen Der DLO Requirement Comen refined departmental overheads Determine the formula the compute the malesund your order) Departmental overta Machining per machtour AY per DL how Requirement Wich Job 601) se more of the company's resources? Explain of the company's machine roundhea. The counting the show that one Home Complete total of overhead alocated to each one company on scurton lataide overhead ne Choom tom istorante any number in input and continue to the nec cortion the other MacBook Pro o Search Provider % & Personal Products madures the products in two separate departments Machining and Attembly Total marching overhead costs for the year are busted at 51,064000. Otra mount. The Machining Department marty for machine operation and depreciation while the Adem Deportmontinous S456,000 The company is that it will nur 4.000 machine hour wina Machining Department and creator torta Machining Department and 8.000 tony Dept during the year Co the contoww the animation Pom the Itequirement, Commode the kata amount of verteed alocated to each po it the company was to come partie de Job 601 Torbehou Planiwidelcionale Ovenient location Requirement. Com the amount of vertretend to each job if the company where Job 500 Job Owadocoon Machining Department Overtalin Asany Dent Total din Requirement. De both of the location systems score of the resources each bed? Explain The angle platwide overhead at igned of oveod to both be. The department assign to Job 501 to 100 e We The Requirement. Compute the woman and sale price of each osing the company's current plante de vendred out to the door ter were Job 500 Requirement 7. Compute the total trufacturing cost and soles petice of each pobuning the company's current plantwide overhead ro Round out to the newest coller Embar the potent ma oH ) Job 501 Dect me Director Manufacturing overhead Total mandouring Markup for (N) Requirements. Based on the current law.) location sim, how much problemy think camed on each job? Calculate the gross profunguent costing system Job 500 Job 501 Ses pic Lete: Total tacturing con Gross protoss) Based on the department overhead rais de prindetermined in Requirement how much proto the company really an on! Cow the gross profite departmentale cosing walem (the parents or into www) Job 500 Job Tapice Les Tolmantango Det materiale Director Manilaching over Gross protos) Requirement. Compare and comment on the result you obtained in Requirements 7 and 8. When tloring a single rate allocation method, Percival believes that When furing a ricosting method. Percival relies that i Data Table Percival Products currently uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the company is considering refining its overhead allocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate its overhead using direct labor (DL) hours. The following chart shows the machine hours (MH) and direct labor (DL) hours incurred by Jobs 500 and 501 in each production department: Machining Assembly Department Department Job 500 8 MH 15 DL hours 2 DL hours Job 501 ... 16 MH 15 DL hours 2 DL hours Both Jobs 500 and 501 used $1,000 of direct materials. Wages and benefits total $30 per direct labor hour. Percival Products prices its products at 120% of total manufacturing costs. e con Print Done unti ot i Requirements 1. Compute the company's current plantwide overhead rate. 2. Compute refined departmental overhead rates. 3. Which job (Job 500 or Job 501) uses more of the company's resources? Explain. 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide overhead rate. 5. Compute the total amount of overhead allocated to each job if the company uses departmental overhead rates. 6. Do both allocation systems accurately reflect the resources that each job used? Explain. 7. Compute the total manufacturing cost and sales price of each job using the company's current plantwide overhead rate. 8. Based on the current (plantwide) allocation system, how much profit did the company think it earned on each job? Based on the departmental overhead rates and the sales price determined in Requirement 7. how much profit did it really earn on each job? 9. Compare and comment on the results you obtained in Requirements 7 and 8. Print Done