The following information relates to a company that has two manufacturing departments. The company used the following da

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answerhappygod
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The following information relates to a company that has two manufacturing departments. The company used the following da

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The following information relates to a company that has twomanufacturing departments. The company used the following data atthe beginning of the period to calculate predetermined overheadrates:
Dept. X
Dept. Y
Total
Estimated total machine-hours (MHs)
9,000
1,000
10,000
Estimated total fixed manufacturing overhead cost
$
45,900
$
7,600
$
53,500
Estimated variable manufacturing overhead cost per MH
$
1.50
$
3.00
During the period, the company started and completed twojobs--Job A and Job B. Data concerning those two jobs follow:
Job A
Job B
Direct materials
$
21,800
$
9,000
Direct labor cost
$
22,100
$
8,500
Molding machine-hours
2,500
6,500
Assembly machine-hours
500
500
Required:
1. Assume the company uses a plantwide predeterminedmanufacturing overhead rate based on machine hours.
a. Calculate the overheadrate. (Round your answer to 2 decimalplaces.)
b. Calculate the amount ofmanufacturing overhead applied to Job A. (Do not roundintermediate calculations.)
c. Calculate the total manufacturing costassigned to Job A. (Do not round intermediatecalculations.)
d. The company uses a markup of 20% onmanufacturing cost to establish selling prices. Calculate theselling price for Job A. (Do not round intermediatecalculations.)
2. Assume that the company uses departmental predeterminedoverhead rates with machine-hours as the allocation base in bothdepartments.
a. Calculate the predetermined overhead rate forthe Dept. X. (Round your answer to 2 decimalplaces.)
b. Calculate the departmental predeterminedoverhead rate for Dept. Y. (Round your answer to 2decimal places.)
c. Calculate the total manufacturing overheadapplied to Job A. (Do not round intermediatecalculations.)
d. The company uses a markup of 20% onmanufacturing cost to establish selling prices. Calculate theselling price for Job A. (Do not round intermediatecalculations.)
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