Required information [The following information applies to the questions displayed below.] A company had no jobs in prog

Post by **answerhappygod** » Sun Jul 03, 2022 1:16 pm

: Required Information The Following Information Applies To The Questions Displayed Below A Company Had No Jobs In Prog 1 (32.75 KiB) Viewed 8 times

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Required information [The following information applies to the questions displayed below.] A company had no jobs in progress at the beginning of the month and no beginning inventories. The company has two manufacturing departments. It started, completed, and sold only two jobs during the month-Job A and Job B. The following additional information is available (all data and questions relate to the current month): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job A $15,000 $22,600 1,900 800 2,700 Job B $9,000 $8,300 1,000 1,100 2,100 Department Department 1 2 Total 4,000 2,500 1,500 $10,500 $15,300 $25,800 $ 1.60 $ 2.40 The company had no underapplied or overapplied manufacturing overhead costs during the month..
Estimated total machine-hours used Estimated total fixed manufacturing overhead i Estimated variable manufacturing overhead per machine-hour Direct materials. Direct labor cost Actual machine-hours used: Molding Fabrication Total Job A $15,000 $22,600 Manufacturing overhead applied Job A Job B $9,000 $8,300 1,900) 800 1,000 1,100 2,700 2,100 The company had no underapplied or overapplied manufacturing overhead costs during the month. Job B 2. Using the plantwide rate you just calculated, how much manufacturing overhead was applied to Job A and how much was app to Job B? (Do not round intermediate calculations.) s applied 4,000 2,500 1,500 $10,500 $15,300 $25,800 $ 1.60 $ 2.40
3. If Job A included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost
The company had no underapplied or overapplied manufacturing overhead costs during the month. 4. Now assume that the company uses departmental rates based on machine hours. Calculate the company's predetermined overhead rates for each department. (Round your answers to 2 decimal places.) Department 1 Department 2 Predetermined Overhead Rate per MH per MH
Direct materials Direct labor cost. Actual machine-hours used:) Molding. Fabrication Total Manufacturing overhead applied Job A $15,000 $22,600 Job A 1,900 800 2,700 The company had no underapplied or overapplied manufacturing overhead costs during the month. Job B Job B $9,000 $8,300 5. How much manufacturing overhead was applied from Department 1 to Job A and how much was applied to Job B? (Do not round intermediate calculations.) 1,000 1,100 2,100