The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud,...
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The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $387,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 108,800 $ 473,000 125,000 485,000 54,000 25,000 17,000 55,000 56,500 24,100 17,800 57,000 For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. Direct materials $22,400 Direct labor cost: Department A (3,000 hr) 45,000 Department B (1,800 hr) 11,600 Machine-hours projected: 250 Department A Department B Units produced 1,200 9,000 c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? c-2. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Bid price c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? c-2. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Bid price < Reg C1 Reg C3 > The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $387,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Cloud plant for the past year are as follows. Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 108,800 $ 473,000 125,000 485,000 54,000 25,000 17,000 55,000 56,500 24,100 17,800 57,000 For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. Direct materials $22,400 Direct labor cost: Department A (3,000 hr) 45,000 Department B (1,800 hr) 11,600 Machine-hours projected: 250 Department A Department B Units produced 1,200 9,000 c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? c-2. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Bid price c-1. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? c-2. The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? c-3. Which of the overhead allocation methods would you recommend? Complete this question by entering your answers in the tabs below. Req C1 Req C2 Req C3 The sales policy at the St. Cloud plant dictates that job bids be calculated by adding 29 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Bid price < Reg C1 Reg C3 >
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Req C1 Req C2 Bid Price for Job No 110 Information from the Image Direct materials 22400 Direct labor cost Department A 3000 hours 45000 Department B ... View the full answer
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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