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[The following information applies to the questions displayed below.] The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls,
[The following information applies to the questions displayed below.] The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls 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 $300,000. During the past year, actual plantwide overhead was $284,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Falls plant for the past year are as follows Department Department Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: s141,100 162,000 $ 616,000 636,000 Direct labor hours Machine-hours 32,000 17,000 20,000 44,000 Actual activity: Direct labor hours Machine-hours 33,500 17,800 19,400 46, 000 For the coming year, the accountants at St. Falls are in the process of helping the sales force create bids for several jobs Projected data pertaining only to job no. 110 are as follows. $23,500 Direct materials Direct labor cost: 39,000 Department B (1,500 hr) 11,600 Department A (2,600 hr) Machine-hours projected: Department Department E 140 1,200 8,000 Units produced Req B1 Req B2 Req B3 Find the plant wide overhead rate by using expecte Plantwide overhead rate $ 5.37 per machine hour Req B1 Req B2 Req B3 Find the department overhead rate using expected machine hours for Department A and Department B. (Round your answer to 2 decimal places.) Overhead rate- Department A Overhead rate- Department B 35.00per machine Sper machine hour Req B1 Req B2 Req B3 Calculate the projected manufacturing costs for job 110 using the three separate rates computed in b-1 and b-2 your intermediate calculations and final answer to 2 decimal places.) Total st 10.71per unit d. Using the allocation rates in part b, compute the under- or overapplied overhead for the St. Falls plant for the year. (Round your intermediate calculations to 2 decimal places.)
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