Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer B & C c. compute the over or under applied overhead for each department at January 31. Problem 20-04A - (Part Level Submission)

please answer B & C image text in transcribed
image text in transcribed
c. compute the over or under applied overhead for each department at January 31.
Problem 20-04A - (Part Level Submission) (Video) Wildhorse Company uses a job order cost system in each of its three manufacturing departments Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department direct labor hours in Department, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department D K Manufacturing overhead Direct labor costs Direct labor hours Machine hours $784,000 $1,120,000 100,000 400,000 $1,500,000 $1,250,000 125,000 500,000 $780,000 $450,000 40,000 120,000 During January, the job cost sheets showed the following costs and production data. Department D K Direct materials used Direct labor costs Manufacturing overhead incurred Direct labor hours Machine hours $140,000 $120,000 $99.000 8,000 34,000 $126,000 $110,000 $124,000 11,000 45,000 $78,000 $37,500 $79,000 3,500 10,400 CALCULATOR Your answer is partially correct. Try again. Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 12.50 or 12.50%.) Overhead rate Department D 70% Department E 12 per direct labor hour Department 9 per machine hour Click If you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 15 of 1: (b) x Your answer is incorrect. Try again Compute the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department D 359000 Department E Department Click if you would like to Show Work for this question: Open Show Work

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

Performance Auditing

Authors: Shrivastava A.

1st Edition

8131316254, 978-8131316252

More Books

Students also viewed these Accounting questions