Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my...

Transcribed Image Text:

Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 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. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Required 1 Required 2 Required 3 Cutting Predetermined overhead rate 4 86 $ 730 $ 92 $ Finishing 16 4 $ 390 $368 X Answer is not complete. Complete this question by entering your answers in the tabs given below. Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Cutting Using the predetermined overhead rates you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. Department 8,900 68,400 $ 390,000 $ 4.00 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? Cutting Department 5.70 X per MH < Required 1 Saved Finishing Department 180.00 per DLH Finishing Required 2 > 71,000 2,300 $ 493,000 0 $3.75 Help Save & Exit Submi Return to question Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 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. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Required 1 Required 2 Required 3 Cutting Predetermined overhead rate 4 86 $ 730 $ 92 $ Finishing 16 4 $ 390 $368 X Answer is not complete. Complete this question by entering your answers in the tabs given below. Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Cutting Using the predetermined overhead rates you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. Department 8,900 68,400 $ 390,000 $ 4.00 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? Cutting Department 5.70 X per MH < Required 1 Saved Finishing Department 180.00 per DLH Finishing Required 2 > 71,000 2,300 $ 493,000 0 $3.75 Help Save & Exit Submi Return to question

Answer rating: 100% (QA)

Required 1 Compute the predetermined overhead rate for each department Cutting Department Predetermi... View the full answer