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PLEASE ANSWER ALL 3 !! Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet
PLEASE ANSWER ALL 3 !!
Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet for Job 313 includes $21,164 in direct materials cost and $10,200 in direct labor cost. A total of 1,400 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total manufacturing cost b. Unit product cost Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor hours as the allocation base. The company pays its direct laborers $16.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 61,700 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materiale Direct labor Manufacturing overhead applied Total job cost 51.222.000 Job Omega Direct materials 5 287,900 Direet labor 405,900 Manufacturing overhead applied 233,700 Total job cost $927.500 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Plantwide predetermined overhead rate por DLM Required 2 > Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production 135,000 Machine-hour required to support estimated production Tixed manufacturing overhead cost 67,500 $ 378,000 Variable manufacturing overhead cost per direct labor-hour $ 4.20 Variable manufacturing overhead cont per nachine-hour $ 8.40 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 196 Direct labor cost $ 238 Direct labor-hours 15 Machine-hours 5 Required: 1. Assume that Londen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base, Under this approach: 3. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550, c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? 2. Assume that Landen's controller believes that machine-hours is a better allocation base than direct labor-hours. Under this opproach: 0. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550 cIf Londen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? (Round your intermediate calculations to 2 decimal places. Round your Predetermined Overhead Rate answers to 2 decimal places and all other answers to the nearest whole dollar.) 1. Direct labor hours 1a. Predetermined overhead rate 1b. Total manufacturing cost of Job 550 per DLH Step by Step Solution
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