Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

stion 2 - HW Chapter 2 - Connect Saved Help - You received partial credit in the previous attempt. 2 Vie Exercise 2-8 (Algo) Applying

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
stion 2 - HW Chapter 2 - Connect Saved Help - You received partial credit in the previous attempt. 2 Vie Exercise 2-8 (Algo) Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] 10 points Newhard Company assigns overhead cost to jobs on the basis of 117% of direct labor cost. The job cost sheet for Job 313 includes $26,432 in direct materials cost and $10,400 in direct labor cost. A total of 1,400 units were produced in Job 313. Required: eBook a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? Hint References a. Total manufacturing cost $ 49,000 b. Unit product cost $ 2 of 4 Next > O cricut cricutpute the predetermined overhead rate. 2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: 4/10 Direct materials points awarded Direct labor cost $ 699 $ 236 Direct labor-hours used Scored Compute Mr. Wilkes' total job cost. Mr. Wilkes? 3. If Speedy establishes its selling prices using a markup percentage of 50% of its total job cost, then how much would it have charged Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute Mr. Wilkes' total job cost. (Round your intermediate calculations to 2 decimal places.) Direct materials $ 699 Direct labor 236 Overhead applied 60 X 995 Total cost assigned to Mr. Wilkes Required 1 Required 3 > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. O cricut cricut tvI ... B https://learn-us-east-1-prod-fleet02-x... Cengage Digital Learning Chapter 2 i M Question 1 - HW Chapter 2 - Connect Saved Help Save & Exit You received partial credit in the previous attempt. View previo Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $12.00 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 65,100 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 $ 1, 632, 000 Book Job Omega Hint Direct materials $ 195 , 400 Direct labor 326, 400 erences Manufacturing overhead applied 136, 000 Total job cost $ 657, 800 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 Calculate the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) $ 0.50 per DLH Plantwide predetermined overhead rate 1 of 4 Next > Prev cricut-earning M Question 4 - HW Chapter 2 - Connect This window shows your responses and what was marked correct and incorrect from your previous attempt. Dashboard Ixed overhead cost Variable overhead cost per direct labor-hour 864,000 4 $ 1.00 Required: 1. Compute the predetermined overhead rate. 2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: 10 Direct materials ints awarded $ 699 Direct labor cost $ 236 Direct labor-hours used Scored Compute Mr. Wilkes' total job cost. 3. If Speedy establishes its selling prices using a markup percentage of 50% of its total job cost, then how much would it have charged Mr. Wilkes? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 If Speedy establishes its selling prices using a markup percentage of 50% of its total job cost, then how much would it have charged Mr. Wilkes? (Round your intermediate calculations to 2 decimal places.) Amount charged to Mr. Wilkes $ 1,492 X

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

Audit Sampling

Authors: Ray Whittington, Dan M Guy, D R Carmichael

5th Edition

047137590X, 9780471375906

More Books

Students also viewed these Accounting questions

Question

Why do problems occur?

Answered: 1 week ago

Question

What are the eight types of intelligence? (p. 65)

Answered: 1 week ago