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O points earned Mike's Inc. has Total Estimated MOH for Assembly and Testing Departments of $560,000 and $340,000, respectively. Mike Company uses departmental predetermined
O points earned Mike's Inc. has Total Estimated MOH for Assembly and Testing Departments of $560,000 and $340,000, respectively. Mike Company uses departmental predetermined overhead rates based on machine-hours. Estimated machine hours for Assembly and Testing Departments are 20,000 and 30,000 hours respectively. During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job A-20 and Job D-150. It provided the following information related to those two jobs: Job A-20 Direct Material Cost Assembly Testing Total $380,000 $330,000 $710,000 Direct Labor Cost $240,000 $160,000 $400,000 Actual Machine-Hours 16,000 6,000 22,000 Job D-150 Assembly Testing Total Direct Material Cost $260,000 $300,000 $560,000 Direct Labor Cost $141,000 $281,000 Actual Machine-Hours Compute the total manufacturing cost assigned to Job D-150. 6,000 24,000 $422,000 30,000 $1,600,000 $2,685,320 $1,625,980 $1,421,920
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