Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Overhead Rate is $15.14 Manufactoring costs for job 110 are $10.92 per unit The Gilster Company, a machine tooling firm, has several plants. One plant,
Overhead Rate is $15.14Manufactoring costs for job 110 are $10.92 per unit The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $360,000. During the past year, actual plantwide overhead was $346,000. Each department's overhead consists primarlly of depreciation and other machine-related expenses, Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. Would your response to part e change if the St. Cloud plant could use the facilities necessary to produce parts for job no. 110 for nother job that could earn an incremental profit of $31,000 ? The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $360,000. During the past year, actual plantwide overhead was $346,000. Each department's overhead consists primarlly of depreciation and other machine-related expenses, Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. Would your response to part e change if the St. Cloud plant could use the facilities necessary to produce parts for job no. 110 for nother job that could earn an incremental profit of $31,000
Manufactoring costs for job 110 are $10.92 per unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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