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Please solve Exercise 2-7, questions 1-2 Thank you very much! EXERCISE 27 Job-Order Costing; Working Backwards LO2-1, LO2-2, LO2-3 Hahn Company uses a job-order costing
Please solve Exercise 2-7, questions 1-2
Thank you very much!
EXERCISE 27 Job-Order Costing; Working Backwards LO2-1, LO2-2, LO2-3 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 $15 per hour. During the year, the company started and completed only two jobsJob Alpha, which used 54,500 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 ? ? ? $1,533,500 Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost $235,000 345,000 184,000 $764,000 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job AlphaStep by Step Solution
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