Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X Company has two production departments, A and B. At the start of 2019, the following budgeted cost information was available: Overhead Department A $520,000

X Company has two production departments, A and B. At the start of 2019, the following budgeted cost information was available:

Overhead
Department A $520,000
Department B $190,000

The following activity information is for X Company's only two jobs, Job 11 and Job 22, both of which were started and completed during the year:

Job 11 Job 22
Direct labor hours in Department A 1,750 912
Direct labor hours in Department B 214 1,114
Total direct labor hours 1,964 2,026
Machine hours in Department A 2,120 2,520
Machine hours in Department B 1,780 1,520
Total machine hours 3,900 4,040

Using a departmental allocation system with direct labor hours as the cost driver in Department A and machine hours as the cost driver in Department B, what was the allocation to Job 22 (round overhead rate(s) to two decimal places)?

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

Financial accounting

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

IFRS Edition

9781119153726, 978-1118285909

More Books

Students also viewed these Accounting questions

Question

What is the purpose of low-stress grinding?

Answered: 1 week ago