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Please see attached. I'm struggling to solve this problem. Hultquist Corporation has two manufacturing departmentsForming and Customizing. The company used the following data at the

Please see attached. I'm struggling to solve this problem.

image text in transcribed Hultquist Corporation has two manufacturing departmentsForming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 7,00 0 25,9 $ 00 $ 2.50 Customizin Total g 3,00 10,00 0 0 7,20 33,10 $ 0 $ 0 $5.00 During the period, the company started and completed two jobsJob C and Job L. Data concerning those two jobs follow: Job C Job L Direct materials $ 16,900 $ 10,300 Direct labor cost $ 23,600 $ 10,600 Forming machine-hours 1,250 2,000 Customizing machine-hours 1,250 500 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the amount of manufacturing overhead applied to Job L. (Do not round intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours. Calculate the total manufacturing cost assigned to Job L. (Do not round intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machinehours and uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. (Do not round intermediate calculations.) e. Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Forming department? (Round your answer to 2 decimal places.) f. Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Customizing department? (Round your answer to 2 decimal places.) g. Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job L? (Do not round intermediate calculations.) h. Assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job L. (Do not round intermediate calculations.) a. Predetermined overhead rate ? per MH b. Manufacturing overhead applied ? c. Manufacturing cost ? d. Selling price ? e. Forming predetermined overhead rate ? per MH f. Customizing predetermined overhead rate ? per MH g. Manufacturing overhead applied job L ? h. Selling price for job L

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