Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seved The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for

image text in transcribed
image text in transcribed
image text in transcribed
Seved The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Falls plant for the past year are as follows. Department A Department B $ 121,800 115,000 $ 320,000 335,000 Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours 30,000 11,000 10,000 40,000 31,000 11,500 8.800 42,000 For the coming year , the accountants at St. Falls are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. $15,000 Direct materials Direct labor cost: Department A (2,880 hr) Department B (see hr) Machine-hours projected: Department A Department B Units produced 35,000 7,080 110 1,200 7,eee Required: - Anth C Calle tante rinntalan minthestarian launched in an lab Required: 0-1. Assume the St. Falls plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Find the overhead rate by using expected direct labor hours. a-2. Determine the projected amount of total manufacturing costs per unit for the units in job no. 110. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Assume the St. Falls plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Find the overhead rate by using expected direct labor hours. (Round your answer to 2 decimal places.) per direct labor hour Overhead rate Req A2 > o search OBA DOLL Required: 4-1. Assume the St. Falls plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to ] Find the overhead rate by using expected direct labor hours. a-2. Determine the projected amount of total manufacturing costs per unit for the units in job no. 110. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Determine the projected amount of total manufacturing costs per unit for the units in Job no. 110. (Round your intermediate calculations and final answer to 2 decimal places.) Manufacturing costs for Job 110 per unit Parch O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Practical Version

Authors: Abanis Turyahebwa ,Kasozi Geoffrey

1st Edition

6205489481, 978-6205489482

More Books

Students also viewed these Accounting questions