Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Problem 2-17 1. The predetermined plantwide overhead rate is computed as follows: ta Estimated manufacturing overhead ... Estimated total direct labor-hours Predetermined overhead rate ..........

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Problem 2-17 1. The predetermined plantwide overhead rate is computed as follows: ta Estimated manufacturing overhead ... Estimated total direct labor-hours Predetermined overhead rate .......... DLHS $ per DLH The overhead applied to Job Bravo is computed as follows: ..... Direct labor-hours worked on Bravo Predetermined overhead..... Overhead applied to Bravo per DLH $ $ 2. The predetermined overhead rate in Assembly is computed as follows: IA Estimated manufacturing overhead Estimated total direct labor-hours .......... Predetermined overhead rate DLHS $ TA per DLH The predetermined overhead rate in Fabrication is computed as follows: $ Estimated manufacturing overhead Estimated total machine-hours Predetermined overhead rate $ $ $ Estimated manufacturing overhead ........... Estimated total direct labor-hours Predetermined overhead rate DLHS $ per DLH The overhead applied to Job Bravo is computed as follows: Direct labor-hours worked on Bravo Predetermined overhead.... Overhead applied to Bravo per DLH AltA 2. The predetermined overhead rate in Assembly is computed as follows: Estimated manufacturing overhead .............. $ Estimated total direct labor-hours .... Predetermined overhead rate ...... $ DLHS per DLH The predetermined overhead rate in Fabrication is computed as follows: $ Estimated manufacturing overhead Estimated total machine-hours ...... Predetermined overhead rate ..... $ The overhead applied to Job Bravo is computed as follows: Assembly Fabrication Total Quantity of allocation base used Predetermined overhead rate Overhead applied to Bravo..... ... $ $ $ Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. Estimated Data Assembly Fabrication Total Manufacturing overhead costs $600,000 $800,000 $1,400,000 Direct labor-hours 50,000 30,000 80,000 Machine-hours 20,000 100,000 120,000 Job Bravo Assembly Fabrication Total Direct labor-hours 11 3 14 Machine-hours 3 6 9 Job Bravo Assembly Fabrication Total Direct labor-hours 11 3 14 Machine-hours 3 6 9 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo

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_2

Step: 3

blur-text-image_3

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

More Books

Students explore these related Accounting questions