d rate that should be used for each dep P. and what is the unit cost of the product ma a. Determine the overhead rate that should be used costs to job no. 399. b. What is the total cost of job no. 399, and what this production order? c. Prepare the journal entries required to record the sale to SkiCraft Boats. The total sales price was d. Assume that actual overhead costs for the in Department B. Actual machine-hours in Department hours in Department B were 20.00 mine the over- or underapplied overhead in each departme the sale (on account) of 1,000 of th rhead costs for the year were $517.000 in Department rs in Department A were 17,000, and ac B were 26,000 during the year. On the basis of this into verhead in each department for the year. ise of small tools. Customers are billed based on time (direct automobile body and fender repair shop. Repai Ye Olde Bump & Grind, Inc., is an automobile body and hand and with the use of small tools. Customers materials used in each repair job. The shop's overhead costs consist primarily of in putty, and sandpaper), rent, indirect labor, and utin gross revenue for each month. The indirect labor relates prima insurance claims. The amount of indirect labor, therefore, tends Henry Lee, manager of the business, is co manager of the business, is considering using either direct labor repair jobs as the basis for allocating overhead costs. basis for allocating overhead costs. He has estimated the to the coming year: onsist primarily of indirect materials (welding per), rent, indirect labor, and utilities. Rent is equal to a percer . The indirect labor relates primarily to ordering pa ndirect labor, therefore, tends to vary with th Estimated total overhead .. Estimated direct labor hours .... Estimated number of repair jobs ...... nstructions - Compute the overhead application rate based on (1) direct labor ho repair jobs. Shown below is information for two repair jobs: Job 1 Repair a dented fender. Direct material used, $25; direct lab cost, $75. Job 2 Repair an automobile involved in a serious collision. Direct direct labor hours, 200; direct labor cost, $3,000. mine the total cost of each repair job, assuming that overhead cos On: Direct labor hours. d rate that should be used for each dep P. and what is the unit cost of the product ma a. Determine the overhead rate that should be used costs to job no. 399. b. What is the total cost of job no. 399, and what this production order? c. Prepare the journal entries required to record the sale to SkiCraft Boats. The total sales price was d. Assume that actual overhead costs for the in Department B. Actual machine-hours in Department hours in Department B were 20.00 mine the over- or underapplied overhead in each departme the sale (on account) of 1,000 of th rhead costs for the year were $517.000 in Department rs in Department A were 17,000, and ac B were 26,000 during the year. On the basis of this into verhead in each department for the year. ise of small tools. Customers are billed based on time (direct automobile body and fender repair shop. Repai Ye Olde Bump & Grind, Inc., is an automobile body and hand and with the use of small tools. Customers materials used in each repair job. The shop's overhead costs consist primarily of in putty, and sandpaper), rent, indirect labor, and utin gross revenue for each month. The indirect labor relates prima insurance claims. The amount of indirect labor, therefore, tends Henry Lee, manager of the business, is co manager of the business, is considering using either direct labor repair jobs as the basis for allocating overhead costs. basis for allocating overhead costs. He has estimated the to the coming year: onsist primarily of indirect materials (welding per), rent, indirect labor, and utilities. Rent is equal to a percer . The indirect labor relates primarily to ordering pa ndirect labor, therefore, tends to vary with th Estimated total overhead .. Estimated direct labor hours .... Estimated number of repair jobs ...... nstructions - Compute the overhead application rate based on (1) direct labor ho repair jobs. Shown below is information for two repair jobs: Job 1 Repair a dented fender. Direct material used, $25; direct lab cost, $75. Job 2 Repair an automobile involved in a serious collision. Direct direct labor hours, 200; direct labor cost, $3,000. mine the total cost of each repair job, assuming that overhead cos On: Direct labor hours
