Cedar Company uses predetermined overhead rates in assigning manufacturing overhead costs to jobs. The rates are based
Question:
Cedar Company uses predetermined overhead rates in assigning manufacturing overhead costs to jobs. The rates are based on machine hours in the machining department and on direct labor hours in the assembly department. Estimated costs, machine hours, and direct labor hours for the year in each department are:
During the month of July, Job #315X had the following data for 60 completed units of product:
1. What predetermined overhead rates would be used by the company in assigning manufacturing overhead costs to Job #315X in machining and in assembly? (Round all rates to two decimal places.)
2. Using the overhead rates you calculated in part (1), how much manufacturing overhead is applied to Job #315X?
3. What is the unit cost for Job #315X? (Round the unit cost to two decimalplaces.)
Step by Step Answer:
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain