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ques 5 Hultquast Corporation has two manufacturing departments-formtng and Customizing The company used the followng dara at the beginning of the perlod to calculate predetermined
ques 5
Hultquast Corporation has two manufacturing departments-formtng and Customizing The company used the followng dara at the beginning of the perlod to calculate predetermined overhead rates: During the pentod, the company started and completed two jobs-Job C and Job L. Data conceming those fwo jobs follow. Required: a. Assume that the compony uses a plantwide predetermined manulacturing overhead rate based on machine-hours. Caiculase that overhead rate (Round your answer to 2 decimal ploces.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate bosed on machine-hours. Caiculate the amount of manufocturing overheod opplied to Job L. (Do not round Intermedlate calculationa.) c. Assume that the company uses a plantwide predetermmed manufocturing overheod rate based on machine-hours. Calculate the wotal menufbcturing cost assigned to Job L. (Do not round intermediate colculations.) d. Assume that the compony uses a piantwide predetermined manufocturing overheod rate bosed orgmachine-hours and uses a markup of 20 s on misnufocturing cost to estoblish seling onces. Calcuible the seling price for Job thDo not round lntermedlate colculetions) e. Assume that the comoany uses departmental predeternined overhead rates with machine hours as the ollocation base in both oepertments. What is the departmental predetermined overheBd rote in the Forming department? (Aound your answer to 2 dicimal piecest f. Assume that the company uses departmental predetermined overthesd rates whin machine-1ours as the atlocation base in both procucton degartments. What is the departmental predetermined overheod rate in the Customzigg deparment? qRound your answer to 2 decimel pieces) 9. Assume thot the compory uses deportmental predetermined overnead ratet with nschine-hours as the allocstion base in both. production degaitments. How much manufecturing overnead will be osplied to Job h? (Do not round intermedlate salculationa.) \begin{tabular}{|l|l|l|l|} \hline a. & Predetermined overhead rate & & per MH \\ \hline b. & Manufacturing overhead applied & & \\ \hline c. & Manufacturing cost & & \\ \hline d. & Selling price & & per MH \\ \hline e. & Forming predetermined overhead rate & & per MH \\ \hline f. & Customizing predetermined overhead rate & & \\ \hline g. & Manufacturing overhead applied job & & \\ \hline \end{tabular} Step by Step Solution
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