Question
Please highlight answers if possible, thank you. PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $ 863,100 of
Please highlight answers if possible, thank you.
PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $ 863,100 of manufacturing overhead cost, 41,100 of direct labor hours, and $ 1,233,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During March, PG completed Job 302. The job used 165 direct labor hours and required $ 14,500 of direct materials. The City of Northville has contracted to purchase the playground equipment at a price of 26 % over manufacturing cost.
Requirement 1. Calculate the manufacturing cost of Job 302. First identify the formula, then calculate the predetermined overhead rate. = - Predetermined overhead rate per hour per hour 02. Estimated yearly direct labor costs Estimated yearly direct labor hours Estimated yearly overhead costs Total direct labor-Job #301 Total direct materialsJob #301 Total job cost Requirement 2. How much will the City of Northville pay for this playground equipment? (Round your answers to the nearest whole number.) + Total price to charge + Requirement 1. Calculate the manufacturing cost of Job 302. First identify the formula, then calculate the predetermined overhead rate. Predetermined overhead rate per hour Calculate the manufacturing cost of Job 302. Administrative expenses Direct labor Direct materials Manufacturing overhead Total job cost the City of Northville pay for this playground equipment? (Round your answers to the nearest whole number.) + = Total price to charge + Requirement 1. Calculate the manufacturing cost of Job 302. First identify the formula, then calculate the predetermined overhead rate. Predetermined overhead rate per hour Calculate the manufacturing cost of Job 302. Total job cost Requirement 2. How much will the City of Northville pay for this playground equipment? (Round your answers to the nearest whole number.) + = Total price to charge + Direct labor hours for the job Direct materials Manufacturing overhead Markup Number of units Predetermined overhead rate Total job cost Wage rateStep by Step Solution
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