- The Following Information Relates To A Company That Has Two Manufacturing Departments The Company Used The Following Da 1 (45.24 KiB) Viewed 13 times
- The Following Information Relates To A Company That Has Two Manufacturing Departments The Company Used The Following Da 2 (35.25 KiB) Viewed 13 times
The following information relates to a
company that has two manufacturing departments. The
company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (Ms) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per Direct materials Direct labor cost. Molding machine-hours Assembly machine-hours During the period, the
company started and completed two jobs Job A and Job B. Data concerning those two jobs follow Joh A Job $21,400 $8,400 $21,600 $8,400 700 400 3,300 3,600 Dept. X 6,000 $36,600 $ 2.00 Dept. Y Total 4,000 10,000 $24,400 $61,000 $4.00 Required: 1. Assume the
company uses a plantwide predetermined manufacturing overhead rate based on machine hours. a. Calculate the overhead rate. (Round your answer to 2 decimal places.) b. Calculate the amount of manufacturing overbead applied to Job A. (Do not round intermediate calculations.) c. Calculate the total manufacturing cost assigned to Job A. (Do not round intermediate calculations.) d. The
company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do not round intermediate calculations.) 2. Assume that the
company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. < Pray a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places) b. Calculate the departmental predetermined overhead rate for Dept. Y. (Round your answer to 2 decimal places) c Calculate the total manufacturing overhead applied to Job A. (Do not round intermediate calculations.) d. The
company uses a markup of 20% on manufacturing cost to establish selling prices Calculate the selling price for Job A. (Do 9 of 38 Next >
21 2. Assume that the
company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments. a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places.) b. Calculate the departmental predetermined overhead rate for Dept. Y. (Round your answer to 2 decimal places.) c. Calculate the total manufacturing overhead applied to Job A. (Do not round intermediate calculations.) d. The
company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do not round intermediate calculations.) 1a Plantwide predetermined overhead rate 1b Manufacturing overhead applied to Job A 1 Total manufacturing cost of Job A 1d Selling price of Job A 2a Dept X predetermined overhead rate: 2b Dept Y predetermined overhead rate 2c Manufactuning overhead applied to Job A 2d Selling price of Job A per MH per MH per M 3. Do you recommend the
company use a plantwide rate or departmental rates to apply overhead? Why 9 of 38 Next >