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Problem 2-4A (Video) (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is
Problem 2-4A (Video) (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Manufacturing overhead Direct labor costs Direct labor hours Machine hours Department D K $990,000 $1,237,500 $1,750,000 $1,080,000 $1,875,000 $675,000 150,000 600,000 125,000 60,000 750,000 120,000 During January, the job cost sheets showed the following costs and production data. Department D Direct materials used $210,000 $189,000 $117,000 Direct labor costs $180,000 $165,000 $56,250 Manufacturing overhead incurred $148,500 $168,000 $118,500 Direct labor hours Machine hours 12,000 51,000 16,500 67,500 5,250 10,410 (a) Your answer is partially correct. Try again. Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 12.50 or 12.50%) Overhead rate Department D 56.57 % Department E 66 per direct labor hour Department K 9 per machine hour SHOW SOLUTION LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 3 of 3 used % You have surpassed the number of attempts to earn Maximum Points for this question. For this attempt, and any subsequent attempt(s), you will earn points according to the Point Potential policy set by your instructor. (b) Compute the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department D Department E $ Department K By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. (c) Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above.
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