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Show me the steps to solve p 1 7 . 4 a Job Order Costing: A Comprehensive Problem: Greenway Irrigation Systems uses job order costing
Show me the steps to solve pa Job Order Costing: A Comprehensive Problem: Greenway Irrigation Systems uses job order costing and applies manufacturing overhead to individual jobs by using predetermined overhead rates. In the Fabrication Department, overhead is applied on the basis of machinehours, and in the Installation Department, it is applied on the basis of direct labor hours. At the beginning of the current year, management made the following budget estimates as a step toward determining the overhead application rates. Fabrication Installation
Direct labor $ $
Manufacturing overhead $ $
Machinehours
Direct labor hours
Production of a linearfoot irrigation system for Thompson Orchards job no was started and completed in March of the current year. Cost records for this job reveal the following information.
Job no linearfoot system: Fabrication Installation
Cost of materials used on job $ $
Direct labor cost $ $
Direct labor hours
Machinehours PLEASE HELP ANSWER ALL PARTS
A Determine the overhead rate that should be used for each department in applying overhead costs to job no
B What was the total cost of job no and what was its cost per linearfoot?
C Prepare the journal entries required to record the sale on account of job no to Thompson Orchards. The total sales price was $
D Assume that actual overhead costs for the year were $ in the Fabrication Department, and $ in the Installation Department. Assume also that actual machinehours in the Fabrication Department were and actual direct labor hours in the Installation Department were during the year. On the basis of this information, determine the over or underapplied overhead in each department for the year.
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