- Harnett Corporation Has Two Manufacturing Departments Molding And Assembly The Company Used The Following Data At The B 1 (231.78 KiB) Viewed 14 times
- Harnett Corporation Has Two Manufacturing Departments Molding And Assembly The Company Used The Following Data At The B 2 (273.01 KiB) Viewed 14 times
Harnett Corporation has two manufacturing departments-Molding and Assembly. The
company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH During the period, the
company started and completed two jobs-Job E and Job M. Data concerning those two jobs follow: Direct materials Direct labor cost Molding machine-hours Assembly machine-hours. Job E $ 13,700 $ 20,800 a Predetermined overhead rate b. Manufacturing overhead applied c. Manufacturing cost d. Selling price 2,500 2,500 e Molding predetermined overhead rate f. Assembly predetermined overhead rate g Manufacturing overhead applied job E h. Selling price for job E $ $ $ Job M $ 7,700 $ 7,600 Required: a. Assume that the
company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate (Round your answer to 2 decimal places.) b. Assume that the
company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job E. (Do not round intermediate calculations.) C Assume that the
company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job E. (Do not round intermediate calculations.) d. Assume that the
company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate calculations.) e. Assume that the
company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Molding department? (Round your answer to 2 decimal places.) 10.04 per MH Molding 3,500 1,500 f. Assume that the
company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Assembly department? (Round your answer to 2 decimal places.) 50,200 105,500 g. Assume that the
company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job E? (Do not round intermediate calculations.) h. Assume that the
company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the
company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate calculations.) per MH per MH 6,000 $ 43,800 $2.50 Assembly 4,000 $ 21,600 $5.00 Total 10,000 $ 65,400
Learned Corporation has provided the following information. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit Cost per Period $5.70 $3.95 $1.55 a. Total product cost b. Total period cost c. Contribution margin per unit d. Total direct manufacturing cost e. Total indirect manufacturing cost $ 0.60 $ 0.50 $20,000 $ 7,000 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,000 units? c. If the selling price is $23.20 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) d If 6,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 6,000 units are produced, what is the total amount of indirect manufacturing costs incurred?