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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 96,000 Total fixed manufacturing overhead cost $499,200 Variable manufacturing overhead per direct labor-hour $ 2.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 100 100 $ 640 $9,600 The total job cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $10,320 $10.32 0 0 0 $10,960 Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 32,300 $581,400 $ 2.80 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 630 $1,260 The amount of overhead applied to Job T687 is closest to: Multiple Choice O $800.00 $58140 o oo $160.00 Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor- hours for the upcoming year at 39,500 labor-hours. The estimated variable manufacturing overhead was $6.58 per labor-hour and the estimated total fixed manufacturing overhead was $972,095. The actual labor- hours for the year turned out to be 37,000 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice 0 $31.19 per labor-hour 0 $24.61 per labor-hour 0 $6.58 per labor-hour 0 $33,30 per labor-hour Which of the following would usually be found on a job cost sheet under a normal cost system? Actual direct material cost Yes Yes No Actual manufacturing overhead cost Yes No Yes No Multiple Choice Choice A Io o o o Choice B Choice C O Choice D
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