Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

predetermined veneau late in each department The Coung Department cases is de US, P Department bases its rate on direct labor-hours. At the beginning

image text in transcribed

predetermined veneau late in each department The Coung Department cases is de US, P Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: Department Cutting 6,300 50,600 $370,000 Finishing 70,000 2,800 $ 546,000 $ 3.00 $ 2.75 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Direct labor-hours Machine-hours Direct materials Direct labor cost Cutting 4 Finishing 11 84 6 $ 370 $ 264 $ 800 $ 96 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Je 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round your intermediate calculations and final answer to 2 decimal places.) Total manufacturing 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

Financial Accounting: A Business Process Approach

Authors: Jane L. Reimers

3rd edition

978-013611539, 136115276, 013611539X, 978-0136115274

More Books

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago