The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud,...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664e6ddf9c89b_967664e6ddf086c5.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664e6de037c55_967664e6ddfd7ea7.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664e6de0ec497_968664e6de087a76.jpg)
Transcribed Image Text:
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $390,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. Department A Department B Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours $ 100,000 120,000 $ 453,600 465,600 52,000 25,000 16,000 54,000 53,500 24,000 16,800 56,000 For the coming year, the accountants at the St. Cloud plant 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. Direct materials $22,000 Direct labor cost: Department A (3,000 hr) 45,000 Department B (1,100 hr) 10,800 Machine-hours projected: Department A Department B Units produced 240 1,200 8,000 Assume the St. 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 in b-1 and b-2. The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $390,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. Department A Department B Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours $ 100,000 120,000 $ 453,600 465,600 52,000 25,000 16,000 54,000 53,500 24,000 16,800 56,000 For the coming year, the accountants at the St. Cloud plant 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. Direct materials $22,000 Direct labor cost: Department A (3,000 hr) 45,000 Department B (1,100 hr) 10,800 Machine-hours projected: Department A Department B Units produced 240 1,200 8,000 Assume the St. 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 in b-1 and b-2.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
A soil sample was found to have a CEC of 24.0 cmol c kg -1 . Important: note that a cmol is not the same thing as a cmol c for divalent and trivalent ions! A. How many cmol c kg -1 of Al 3+ would be...
-
Given an estimated odds ratio of 0.75, compute the estimated probability of an event of interest.
-
(a) Suggest a reasonable series of synthetic transformations for converting trans-2 methylcyclopentanol to cis-2-methylcyclopentyl acetate. (b) How could you prepare cis-2-methylcyclopentyl acetate...
-
Following are the concepts of accounting covered in Chapters 2 through 5. Match each transaction with its related concept by entering the appropriate letter in the space provided. Use one letter for...
-
On January 1, 2011, Cougar Creations Inc. purchased $100,000 of 5-year, 8% bonds when the effective rate of interest was 10%, paying $92,277. Interest is to be paid on July 1 and December 31. 1....
-
1.Predict how possible changes in monetary and/or fiscal policy may impact the supply and demand of the Walmart Corporation?
-
Which of the following elements should not be included in a project scope statement? Question 38Select one: a. project boundaries or exclusions b. names of the project team members c. constraints...
-
1 AT3: Individual Assignment BFA747 Semester 2, 2023 Data Analytics for Accounting Assignment Type: Individual assignment Weighting: 35% Due Date: Written Report is due on the 16th October (Monday:...
-
(a) Define the term "Mechatronics". (b) (c) (11 marks) Based on a suitable commercially available mechatronic product, draw a COMPLETE feedback control block diagram of the system to help in the...
-
Answer with your own words. 1 Explain a tax-related disadvantage of the corporate form of business organization. 2 What is the purpose andgoal of the financial management 3 Why is it more important...
-
CoursHeroTranscribedText Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three...
-
On January 1, 2023, French Company acquired 60 percent of K-Tech Company for $328,500 when K-Tech's book value was $428,500. The fair value of the newly comprised 40 percent noncontrolling interest...
-
Please Assist Use one-sided limits to determine whether the following limit exists and its value. If the limit does not exist, enter NA in the final answer area. lim x>2 93-2 Enter the exact answers...
-
CdF2 (s) Cd+ (aq) + 2 F- (aq) 1. A saturated solution of CdF2 is prepared. The equilibrium in the solution is represented above. In the solution [Cd+] eq = 0.0585 M and [F-] eq = 0.117 M. a....
-
Aston Martin Companys budgeted sales and budgeted cost of goods sold for the coming year are $144,000,000 and $90,000,000 respectively. Short-term interest rates are expected to average 10%. If Aston...
-
(Segmented Reporting) Carlton Company is involved in four separate industries. The followsores ing information is available for each of the four industries. Instructions Determine which of the...
-
(Ratio Computation and Analysis; Liquidity) As loan analyst for Utrillo Bank, you have been presented the following information. Each of these companies has requested a loan of $50,000 for 6 months...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App