Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer all or some parts. Exercise 3-7 (Algo) Job-Order Costing; Working Backwards [LO3-1, LO3-2, LO3-3] Hahn Company uses a job-order costing system. Its plantwide

Please answer all or some parts.

image text in transcribed
Exercise 3-7 (Algo) Job-Order Costing; Working Backwards [LO3-1, LO3-2, LO3-3] 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 $20.00 per hour. During the year, the company started and completed only two jobs-Jo Alpha, which used 66,700 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost $ 2, 348, 000 Job Omega Direct materials $ 455 , 000 Direct labor 600,000 Manufacturing overhead applied 390, 000 Total job cost $ 1, 445, 000 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. 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 per DLH Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Manufacturing overhead applied Total job cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 1

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick

7th Edition

1260306747, 978-1260306743

More Books

Students also viewed these Accounting questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago