Brighton Services repairs locomotive engines. It employs 100 full-time workers at $16 per hour. Despite operating...

  

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Brighton Services repairs locomotive engines. It employs 100 full-time workers at $16 per hour. Despite operating at capacity, last year's performance was a great disappointment to the managers. In total, 10 jobs were accepted and completed, incurring the following total costs Direct saterials Direct labor Hanufacturing overhead $1,042,400 4,320,000 1,080,090 Of the $1,080,000 manufacturing overhead, 35 percent was variable overhead and 65 percent was fixed. This year, Brighton Services expects to operate at the same activity level as last year, and overhead costs and the wage rate are not expected to change For the first quarter of this year, Brighton Services completed two jobs and was beginning the third (Job 103). The costs incurred follow. Direct Haterfals $ 137,900 100,000 94,700 Direct Job 101 Labor 102 103 Tatal nanufacturing overhead 1otal artatg nd inistrative costs $497,000 313,000 198,400 271,900 117,0 You are a consultant associated with Lo You are a consultant associated with Lodi Consultants, which Brighton Services has asked for help. Lodi's senior partner has examined Brighton Services's accounts and has decided to divide actual factory overhead by job into fixed and variable portions as follows. Actual Manufacturing Overhead Variable $ 30,600 28,200 5,300 $ 64,100 Fixed $104,700 88,900 14,200 $ 207,000 101 102 103 In the first quarter of this year, 30 percent of marketing and administrative cost was variable and 70 percent was fixed, You are told that Jobs 101 and 102 were sold for $860,000 and $564,000, respectively. All over. or underapplied overhead for the quarter is written off to Cost of Goods Sold Required: o. Present in T-accounts the actual manufacturing cost flows for the three jobs in the first quarter of this year b. Using last year's overhead costs and direct labor-hours as this year's estimate, calculate predetermined overhead rates per direct tabor.hour for voriable and fixed overhead, C. Present in T-accounti the nomolmonufacturing cost flows for the three jobs in the tirst quarter of this year Use the overhead rates derived in ceguirement ) d. Calculate operating profit (loss) for the first.quaner of this year under actual and normal costing systems Complete this question by entering your answers in the tabs below. Brighton Services repairs locomotive engines. It employs 100 full-time workers at $16 per hour. Despite operating at capacity, last year's performance was a great disappointment to the managers. In total, 10 jobs were accepted and completed, incurring the following total costs Direct saterials Direct labor Hanufacturing overhead $1,042,400 4,320,000 1,080,090 Of the $1,080,000 manufacturing overhead, 35 percent was variable overhead and 65 percent was fixed. This year, Brighton Services expects to operate at the same activity level as last year, and overhead costs and the wage rate are not expected to change For the first quarter of this year, Brighton Services completed two jobs and was beginning the third (Job 103). The costs incurred follow. Direct Haterfals $ 137,900 100,000 94,700 Direct Job 101 Labor 102 103 Tatal nanufacturing overhead 1otal artatg nd inistrative costs $497,000 313,000 198,400 271,900 117,0 You are a consultant associated with Lo You are a consultant associated with Lodi Consultants, which Brighton Services has asked for help. Lodi's senior partner has examined Brighton Services's accounts and has decided to divide actual factory overhead by job into fixed and variable portions as follows. Actual Manufacturing Overhead Variable $ 30,600 28,200 5,300 $ 64,100 Fixed $104,700 88,900 14,200 $ 207,000 101 102 103 In the first quarter of this year, 30 percent of marketing and administrative cost was variable and 70 percent was fixed, You are told that Jobs 101 and 102 were sold for $860,000 and $564,000, respectively. All over. or underapplied overhead for the quarter is written off to Cost of Goods Sold Required: o. Present in T-accounts the actual manufacturing cost flows for the three jobs in the first quarter of this year b. Using last year's overhead costs and direct labor-hours as this year's estimate, calculate predetermined overhead rates per direct tabor.hour for voriable and fixed overhead, C. Present in T-accounti the nomolmonufacturing cost flows for the three jobs in the tirst quarter of this year Use the overhead rates derived in ceguirement ) d. Calculate operating profit (loss) for the first.quaner of this year under actual and normal costing systems Complete this question by entering your answers in the tabs below.