The following information applies to the questions displayed below.) Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours. Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 121,000 115,000 $ 320,000 335,000 10,000 30,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costi Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200 7,000 Required: a-1. Assume the Saint Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to Jobs. Use expected total direct labor hours to compute the overhead rate. a-2. What is the expected cost per unit produced for job number 110? Complete this question by entering your answers in the tabs below. Req A1 Req A2 What is the expected cost per unit produced for job number 110? Note: Round your intermediate calculations and final answer to 2 decimal places. Manufacturing costs for Job 110 per unit Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which Includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 121,000 $ 320,000 115,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units, produced $ 15,000 35,000 7,000 110 1,200 7,000 Required: a-1. Assume the Saint Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to Jobs. Use expected total direct labor hours to compute the overhead rate. a-2. What is the expected cost per unit produced for job number 110? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Assume the Saint Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Use expected total direct labor hours to compute the overhead rate. Note: Round your answer to 2 decimal places. Overhead rate per direct labor hour Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Department A Department B Budgeted department overhead (excludes plantwide overhead) $ 121,000 Actual department overhead Expected total activity: Direct labor hours. Machine-hours Actual activity: Direct labor hours Machine-hours 115,000 $ 320,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costi Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200. 7,000 Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs. b-1. Find the plant wide overhead rate by using expected machine hours. b-2. Find the department overhead rate using expected machine hours for Department A and Department B. b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req 83 Find the plant wide overhead rate by using expected machine hours. Note: Round your answer to 2 decimal places. Plantwide overhead rate per machine hour Required Information [The following information applies to the questions displayed below] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 121,000 $ 320,000 115,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost:. Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200 7,000 Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs. -1. Find the plant wide overhead rate by using expected machine hours. -2. Find the department overhead rate using expected machine hours for Department A and Department B. -3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Find the department overhead rate using expected machine hours for Department A and Department B. Note: Round your answer to 2 decimal places. Overhead rate-Department A Overhead rate-Department B per machine hour per machine hour Required information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for Its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which Includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-houra Department A Department B $ 121,000 $ 320,000 115,000 335,000 30,000 10,000 11,000 40,000 31,000 8,800 11,500 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costs, Department A (2,000 hours) Department B (500 hours). Machine-hours projected: Department A Department D Unita produced $ 15,000 35,000 7,000 110 1,200 7,000 Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs. b-1. Find the plant wide overhead rate by using expected machine hours. b-2. Find the department overhead rate using expected machine hours for Department A and Department B. b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed in b-1 and b-2. Note: Round your intermediate calculations and final answer to 2 decimal places. Manufacturing costs for job 110 per unit Required information [The following Information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity Direct labor hours Machine-hours Actual activity: Direct labor hours Department A Department B $ 121,000 $ 320,000 335,000 115,000 30,000 10,000 11,000 40,000 31,000 11,500 Machine-hours 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costs, Department A (2,000 hours) Department D (500 hours). Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200 7,000 c-1. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using an overhead rate of $16.03 per direct labor hour? c-2. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using the following three separate overhead rates based on machine hours? Plantwide rate of $3.92 per machine hour Department A overhead rate of $11.00 per machine hour Department B overhead rate of $8.00 per machine hour c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using an overhead rate of $16.03 per direct labor hour? Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. Bid price Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity Direct labor hours Machine-hours Department A Department B $121,000 115,000 $ 320,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,000 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials. Direct labor costi Department A (2,000 hours) Department (500 hours) Machine-hours projected Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200 7,000 c-1. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using an overhead rate of $16.03 per direct labor hour? c-2. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using the following three separate overhead rates based on machine hours? Plantwide rate of $3.92 per machine hour Department A overhead rate of $11.00 per machine hour Department B overhead rate of $8.00 per machine hour c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Reg C2 Req C3 The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using the following three separate overhead rates based on machine hours? Plantwide rate of $3.92 per machine hour Department A overhead rate of $11.00 per machine hour Department B overhead rate of $8.00 per machine hour Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. Bid price Show less A Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which Includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity Direct labor hours Department A Department B $ 121,000 115,000 $ 320,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 Machine-bours 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costi Department A (2,000 hours) Department B (500 hours) Machine-hours projected Department A Department B Units produced 15,000 35,000 7,000 110. 1,200 7,000 c-1. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using an overhead rate of $16.03 per direct labor hour? c-2. The sales policy at the Saint Cloud plant dictates that job bids be calculated by adding 18 percent to total manufacturing costs. What would be the bid for job number 110 using the following three separate overhead rates based on machine hours? Plantwide rate of $3.92 per machine hour Department A overhead rate of $11.00 per machine hour Department B overhead rate of $8.00 per machine hour c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 Which of the overhead allocation methods would you recommend? Which method would you recommend? Required Information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantvide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department D $121,000 115,000 $ 320,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials, Direct labor costs. Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department D Unite produced $ 15,000 35,000 7,000 110 1,200. 7,000 d. Compute the under- or overapplied overhead for the Saint Cloud plant for the year assuming the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs based on machine hours. Note: Round your Intermediate calculations to 2 decimal places. Required Information [The following information applies to the questions displayed below] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 121,000 $ 320,000 115,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costs, Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110 1,200 7,000 e. A Saint Cloud subcontractor has offered to produce the parts for job number 110 for a price of $11 per unit. Assume the Saint Cloud sales force has already committed to the bid price of $72,945.20. Should the Saint Cloud plant buy the $11-per-unit part from the subcontractor or continue to make the parts for job number 110 itself? Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs based on machine hours. Required Information [The following information applies to the questions displayed below] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. During the past year, actual plantwide overhead was $192,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity Direct labor hours Machine-hours Department A Department D $121,000 115,000 $ 320,000 335,000 30,000 10,000 11,000 40,000 31,000 11,500 8,800 42,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor costs. Department A (2,000 hours) Department B (500 hours) Machine-hours projected: Department A Department B Units produced $ 15,000 35,000 7,000 110. 1,200 7,000 f. A Saint Cloud subcontractor has offered to produce the parts for job number 110 for a price of $11 per unit. Assume the Saint Cloud sales force has already committed to the bid price of $72,945.20. Compute Incremental cost (benefit) to make if the Saint Cloud plant could use the facilities necessary to produce parts for job number 110 for another job that could earn an incremental profit of $15,000? Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs based on machine hours. Incremental profit eamed by producing the other job Incremental cost of buying the parts from the subcontractor