{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T00:09:13-04:00", "answer_date": "2024-05-28 00:09:13", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1808525", "url": "\/study-help\/questions\/q2-ae2allocation-of-overhead-costs-lo3-lo4-white-company-1808525", "question_creation_date_js": "2024-05-28T00:09:13-04:00", "question_creation_date": "May 28, 2024 12:09 AM", "meta_title": "[Solved] Q2: AE2-Allocation of overhead costs (LO3 | SolutionInn", "meta_description": "Answer of - Q2: AE2-Allocation of overhead costs (LO3 & LO4) White Company has two departments, Cutting and Finishing. The company | SolutionInn", "meta_keywords": "q2,ae2-allocation,overhead,costs,lo3,lo4,white,company,two,departments,cutting,finishing", "question_title_h1": " Q2: AE2-Allocation of overhead costs (LO3 & LO4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and", "question_title": " Q2: AE2-Allocation of overhead costs (LO3 & LO4) White Company has", "question_title_for_js_snippet": "Q2 AE2 Allocation of overhead costs (LO3 LO4) White Company has two departments, Cutting and Finishing The company uses a job order costing system and computes a predetermined overhead rate in each department The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labour hours At the beginning of the year, the company made the following estimates Department Cutting Finishing 6,300 75,000 Direct labor hours Machine hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct labor hour 60,700 3,900 $380,000 $474,000 $ 3 00 S 3 75 Required 1 Compute the predetermined overhead rate to be used in each department (Round your answers to 2 decimal places ) 2 Assume that the overhead rates you computed in (1) above are in effect The job cost sheet for Job 203, which was started and completed during the year, showed the following Department Cutting Finishing Direct labour hours 4 16 Machine hours 866 Materials requisitioned Direct labour cost $ 720 $ 370 $41 $ 180 Compute the total manufacturing cost assigned to Job 203 (Round your intermediate and final answers to 2 decimal places ) 3 Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on direct labour hours instead of using departmental rates V", "question_description": "\"image", "transcribed_text": "Q2: AE2-Allocation of overhead costs (LO3 & LO4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labour-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing 6,300 75,000 Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct labor- hour 60,700 3,900 $380,000 $474,000 $ 3.00 -S 3.75 Required: 1. Compute the predetermined overhead rate to be used in each department. (Round your answers to 2 decimal places.) 2. Assume that the overhead rates you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labour-hours 4 16 Machine-hours 866 Materials requisitioned Direct labour cost $ 720 $ 370 $41 $ 180 Compute the total manufacturing cost assigned to Job 203. (Round your intermediate and final answers to 2 decimal places.) 3. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on direct labour-hours instead of using departmental rates? V", "related_book": { "title": "Essentials of Accounting for Governmental and Not-for-Profit Organizations", "isbn": "007352705X, 978-0073527055", "edition": "10th Edition", "authors": "Paul A. Copley", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/77.jpg", "uri": "\/textbooks\/essentials-of-accounting-for-governmental-and-not-for-profit-organizations-10th-edition-77", "see_more_uri": "" }, "free_related_book": { "isbn": "B0C573KH8W", "uri": "\/textbooks\/-foytoki-1pc-extension-folder-expandable-folders-plastic-folder-a4-document-file-organizer-folder-bag-letter-b0c573kh8w-180557", "name": "\u200eFoytoki 1pc Extension Folder Expandable Folders Plastic Folder A4 Document File Organizer Folder Bag Letter", "edition": "" }, "question_posted": "2024-05-28 00:09:13", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/the-following-is-the-stockholders-equity-section-from-chipotle-mexican-309873", "description": "The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). a. 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