Apple Inc. has two production departments for its iPhone, Forming and Assembly. The company uses a job-order costing sys

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answerhappygod
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Apple Inc. has two production departments for its iPhone, Forming and Assembly. The company uses a job-order costing sys

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Apple Inc. has two production departments for its iPhone,
Forming and Assembly. The company uses a job-order costing system
and computes a predetermined overhead rate in each production
department. The Forming Department's predetermined overhead rate is
based on machine-hours and the Assembly Department's predetermined
overhead rate is based on direct labor-hours. At the beginning of
the current year, the Apple had made the following estimates:
Forming
Assembly
Machine-hours
17,800
10,200
Direct labor-hours
2,570
7,400
Total fixed manufacturing overhead cost
$109,710
$77,105
Variable manufacturing overhead per machine-hour
$1.80
Variable manufacturing overhead per direct labor-hour
$2.99
During the current month the company started and finished Job
X560. The following data were recorded for this job:
Job X560:
Forming
Assembly
Machine-hours
57
24
Direct labor-hours
28
45
Material cost

$3,573
$910
DL cost per hour

$25
$15
Required: (round final answer to nearest cent: two decimal
places if necessary)
Please solve it in excel
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