requirement 4

Save HOMEWOR: Chapter 04 Graded Homework Score: 4.45 of 7 pts 2 of 6 (6 complete) %E4-19A (similar to) HW Score: 69.27%, 20.78 of 30 pts Question Help Evan's Fine Furnishings manufactures upscale custom furniture. Evan's currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,070,000 of manufacturing overhead to individual jobs. However, Dede Able owner and CEO is considering refining the company's cosing system by using departmental overhead rates. Currently, the Machining Department incurs $630,000 of manufacturing overhead while the Finishing Department incurs $440,000 of manufacturing overhead, Dede has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department Click the loon to view the job information) Read the requirements PETU 25 per DL hour Finishing 440,000 17.600 - $ Requirement 3. Evan's continues to use the plantwide overhead rate, how much manufacturing overhead would be located to Job 450 and Job 4557 First identify the formula, then calculate the amount of manufacturing overhead that would be allocated to the jobs if the plantwide overhead rate is used Round your answers to the nearest whole dolar) Plantwide overhead role 50 * Actual use of allocation base = Manufacturing overhead allocated S 350 Job 450 Job 455 350 Requirement 4. Evan's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455? Use the following table to calculate the amount of manufacturing overhead that would be allocated to the jobs if the departmental overhead rates are used. (Hound your answers to the nearest whole dollar) Job 450 Job 455 Machining Finishing Total overhead allocation Enter any number in the edit fields and then click Check Answer. 2 remaining Clear All Check Answer 2 3 4 5 6 7 8 9 0 Homework: Chapter 04 Graded Homework Score: 4.45 of 7 pts 2 of 6 (6 complete) HW Score: 69.279 0 Requirements More Info - X 1. Compute the plantwide overhead rate assuming that Evan's expects to incur 21,400 total DL hours during the year. 2. Compute departmental overhead rates assuming that Evan's expects to incur 15,000 MH in the Machining Department and 17,800 DL hours in the Finishing Department during the year. 3. If Evan's continues to use the plantwide overhead rale, how much manufacturing overhead would be allocated to Job 450 and Job 4557 4. If Evan's uses departmental overhead rates, how much manufacturing overhond would be allocated to Job 450 and Job 455? 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or undercost either job? Explain. If Evan's sells furniture 125% of cost, wil its choice of allocation systems affect product pricing? Explain. The Evan's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 7 DL hours throughout the entire production process. Job 450 incurred 1 MH in the Machining Department and DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 4 MH in the Machining Department and 5 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). Print Done Print Done allocated Job 455 50 350 Requirement 4. If Evan's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 4557 Use the following table to calculate the amount of manufacturing overhead that would be allocated to the jobs if the departmental overhead rates are used. (Round your answers to the nearest whole dolar) Job 450 Job 455 Machining Finishing Total overhead allocation Enter any number in the edit fields and then click Check Answer 2 remaining Clear All Check Answer Prisen Home - PgUp Po