Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Westilm Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each

image text in transcribed

Westilm Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- hour Machining Customizing 28,000 1,000 15,000 1,000 $ 120,400 $ 60,000 $ 2.50 $5.00 During the current month the company started and finished Job L382. The following data were recorded for this job: Job L382: Machine-hours Direct labor-hours Machining 70 Customizing 20 40 80 Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round intermediate calculations.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

2nd edition

73396958, 978-0077630461, 77630467, 978-0073396958

More Books

Students also viewed these Accounting questions

Question

Factor the given expressions completely. 8b 6 + 31b 3 4

Answered: 1 week ago

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago

Question

Explain why it is not wise to accept a null hypothesis.

Answered: 1 week ago