Given the following data answer the questions: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing

Given the following data answer the questions:

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Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. Cutting 7,700 59,100 $ 390,000 $ 3.00 0 Finishing 74,000 4,000 $ 426,000 0 $3.75 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Direct labor-hours Machine-hours Direct materials Direct labor cost Cutting Finishing 3 15 82 4 $ 380 $ 360 $ 720 $ 72 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Predetermined overhead rate Cutting Department Finishing Department per MH per DLH Required 1 Required 2 > Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. Cutting 7,700 59,100 $ 390,000 $ 3.00 0 Finishing 74,000 4,000 $ 426,000 0 $3.75 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Direct labor-hours Machine-hours Direct materials Direct labor cost Cutting Finishing 3 15 82 4 $ 380 $ 360 $ 720 $ 72 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Predetermined overhead rate Cutting Department Finishing Department per MH per DLH Required 1 Required 2 >

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1 Compute the predetermined overhead rate for each department Cutting Department Predetermined overh... View the full answer