Nielsen Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at th

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Nielsen Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at th

Post by answerhappygod »

Nielsen Corporation has two manufacturing departments--Machiningand Assembly. The company used the following data at the beginningof the year to calculate predetermined overhead rates: MachiningAssembly Total Estimated total machine-hours (MHs) 1,000 4,0005,000 Estimated total fixed manufacturing overhead cost $ 4,700 $10,800 $ 15,500 Estimated variable manufacturing overhead cost perMH $ 1.20 $ 2.20 During he most recent month, the company startedand completed two jobs--Job F and Job M. There were no beginninginventories. Data concerning those two jobs follow: Job F Job MDirect materials $ 13,000 $ 7,400 Direct labor cost $ 20,400 $8,800 Machining machine-hours 700 300 Assembly machine-hours 1,6002,400 Assume that the company uses a plantwide predeterminedmanufacturing overhead rate based on machine-hours. The totalmanufacturing cost assigned to Job F is closest to: (Round yourintermediate calculations to 2 decimal places.)
$20,400
$13,000
$11,730
$45,130
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply