Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

T - bone Company has organized its manufacturing operations into two departments - machining and assembly. The total estimated manufacturing overhead in the machining and

T-bone Company has organized its manufacturing operations into two departments - machining and assembly. The total estimated manufacturing overhead in the machining and assembly departments were $660,000 and $1,787,600 respectively. In the machining department, estimated total direct labor hours and estimated total machine hours were 4,900 and 20,000 respectively. In the assembly department, estimated total direct labor hours and estimated total machine hours were 10,900 and 4,700 respectively.
During the job, Job Q580 used 22 machine hours and 8 direct labor hours in the machining department. It also used 2 machine hours and 14 direct labor hours in the assembly department.
Do not enter dollar signs or commas in the input boxes.
Round all your answers to 2 decimal places.
a) T-bone Company allocates manufacturing overhead to jobs using one predetermined overhead rate for the entire plant. This is based on direct labor hours as an allocation base. How much manufacturing overhead would be allocated to Job Q580?
Plant-wide manufacturing overhead rate: $Answer
Manufacturing overhead allocated to Job Q580: $Answer
b) Suppose T-bone Company uses departmental predetermined overhead rates to allocate expected department overhead costs to jobs. In the machining department, manufacturing overhead is allocated based on machine hours. In the assembly department, direct labor hours are used as the allocation base. What is the total manufacturing overhead that would be allocated to Job Q580?
Predetermined rate for the machining department: $Answer
33
Predetermined rate for the assembly department: $Answer
Manufacturing overhead allocated to job Q580 in the machining department: $Answer
726
Manufacturing overhead allocated to job Q580 in the assembly department: $Answer
Total Manufacturing overhead allocated to job Q580: $Answer
c) What is the journal entry to allocate the manufacturing overhead in part (b) above?
Date Account Title and Explanation Debit Credit
Jun 30 Answer
WIP
Answer
Answer
Manufacturing Overhead
Answer

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. Datar, George Foster

12th edition

131495380, 978-0131495388

More Books

Students also viewed these Accounting questions