Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

signments: 2568-Manager ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&... M Update Saved Help Save & Exit Submit ces Check my work Exercise 2-7 (Static) Job-Order Costing; Working Backwards [LO2-1, LO2-2,

image text in transcribedimage text in transcribedimage text in transcribed

signments: 2568-Manager ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&... M Update Saved Help Save & Exit Submit ces Check my work Exercise 2-7 (Static) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2 3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses dire labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost Required: 2 2 2 $ 1,533,500 $ 235,000 345,000 184,000 $ 764,000 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. < Prev 4 of 4 Next ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&l... es Saved Manufacturing overhead applied 184,000 $ 764,000 Total job cost Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Help M Save & Exit Subr Check my work Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Plantwide predetermined overhead rate +er DLH ces Manufacturing overhead applied Total job cost Required: 184,000 $ 764,000 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the job cost sheet for Job Alpha. Direct materials Direct labor Total job cost Manufacturing overhead applied $ 0 < Required 1 Required 2 > Save & Che

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

Absence of disparate impact

Answered: 1 week ago

Question

Performance appraisal criteria based on job analysis

Answered: 1 week ago

Question

Focus on clients needs (efforts to fulfi ll clients requirements)

Answered: 1 week ago