Structor for grading- Update iar The following information relates to a company that has two manufacturing departments. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hour (HHA) Dept. X Dept. Total Estimated total fixed manufacturing overhead cost 4,000 6.000 10,000 Estimated variable manufacturing overhead coat per MB $20,400 $37,800 $58,200 $ 3.00 $ 6.00 During the period, the company started and completed two jobs-Job A and Job B. Data concerning those two jobs follow Direct materials Direct labor cost Molding machine-hours Assembly machine-hours JobA Job B $13,700 $8,000 $21,200 $8,100 2,500 1,500 2,500 3,500 Required: 1. Assume the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. a. Calculate the overhead rate. (Round your answer to 2 decimal places.) b. Calculate the amount of manufacturing overhead applied to Job A. (Do not round intermediate calculations.) c. Calculate the total manufacturing cost assigned to Job A. (Do not round intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (DO not round intermediate calculations.) 2. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments a. Calculate the predetermined overhead rate for the Dept X (Round your answer to 2 decimal places.) b. Calculate the departmental predetermined overhead rate for Dept. (Round your answer to 2 decimal places.) c. Calculate the total manufacturing overhead applied to Job A (Do not round intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do Required: 1. Assume the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. a. Calculate the overhead rate. (Round your answer to 2 decimal places.) b. Calculate the amount of manufacturing overhead applied to Job A. (Do not round intermediate calculations.) c. Calculate the total manufacturing cost assigned to Job A. (Do not round intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do not round intermediate calculations.) 2. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places.) b. Calculate the departmental predetermined overhead rate for Dept Y. (Round your answer to 2 decimal places.) c. Calculate the total manufacturing overhead applied to Job A. (Do not round intermediate calculations.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (DO not round intermediate calculations.) per MH 1a Plantwide predetermined overhead rate 1b. Manufacturing overhead applied to Job A 10. Total manufacturing cost of JobA 1d. Selling price of Job A 2a. Dept. X predetermined overhead rate 2b. Dept. Y predetermined overhead rate 2c. Manufacturing overhead applied to Job A 2d. Selling price of Job A por MH per MH
