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QUESTION: ANSWER TEMPLATE (PLS FILL ACCORDING TO THIS TEMPLATE : 4 LO 2.3 and 2.5 Hasya Inc uses a job order cost system in each
QUESTION:
ANSWER TEMPLATE (PLS FILL ACCORDING TO THIS TEMPLATE :
4 LO 2.3 and 2.5 Hasya Inc uses a job order cost system in each of its three manufacturing departments. Direct labor hours is applied to jobs in Department A, manufacturing overhead on the basis of direct labor cost in Department B, and machine hours in Department C. In establishing the predetermined overhead rates for 2022, the following estimates were made for the year. Manufacturing overhead Direct labor costs A 2,500,000 2,200,000 250,000 500,000 Department B 2,200,000 2,500,000 275,000 700,000 1,950,000 1,550,000 50,000 660,000 Direct labor hours Machine hours During January, the job cost order sheets showed the following costs and production data Department A B Direct materials used 270,000 220,000 Direct labor costs 230,000 200,000 Manufacturing overhead incurred 100,000 140,000 Direct labor hours 9,000 12,000 Machine hours 31,000 43,000 C 190,000 140,000 95,000 5,000 12,000 a. Compute the predermined overhead rate for each department! b. Compute the total manufacturing costs assigned in January for each department c. Compute the under-or overapplied overhead for each department at January 31 AB Estimated Annual Costs Expected Operating Activities Predetermined OH Rate Department A (Direct labor hours) Department B (Manufacturing in Basis Department C (Machine hours) Direct Labor Cost)
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