Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of...

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Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Assembly Fabrication Manufacturing overhead costs $300,000 $400,000 Direct labor hours 25,000 15,000 Machine hours 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Assembly 8.50 hours Fabrication 4 hours Machine hours 1 hour 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, how much manufacturing overhead would be applied to Job Z? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y $13,000 $21,000 Job Z $8,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours. Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Assembly Fabrication Direct labor hours 10 hours 2 hours Machine hours 1 hour 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, what would be the company's plantwide predetermined overhead rate? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y $13,000 $21,000 Job Z $8,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company started and completed numerous jobs during July-two of which were Job Y and Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked Machining $48,000 $ 1.50 12,000 Machining Assembly Job Y Machine-hours 50 Direct labor-hours 30 Job Z Machine-hours 40 Direct labor-hours 60 What is the predetermined overhead rate in the Assembly Department? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $300,000 $ 400,000 25,000 10,000 15,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Assembly Fabrication Direct labor hours 10 hours 2 hours Machine hours 1 hour 7 hours Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job Z? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Assembly Fabrication Manufacturing overhead costs $300,000 $400,000 Direct labor hours 25,000 15,000 Machine hours 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Direct labor hours Assembly 8.50 hours Fabrication 4 hours Machine hours 1 hour 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, how much manufacturing overhead would be applied to Job Z? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y $13,000 $21,000 Job Z $8,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $300,000 $ 400,000 25,000 15,000 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours. Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Assembly Fabrication Direct labor hours 10 hours 2 hours Machine hours 1 hour 7 hours If the company uses a plantwide approach for applying overhead to production with direct labor-hours as the allocation base, what would be the company's plantwide predetermined overhead rate? Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y $13,000 $21,000 Job Z $8,000 $7,500 1,400 500 What is the direct labor hourly wage rate? Assume a company started and completed numerous jobs during July-two of which were Job Y and Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked Machining $48,000 $ 1.50 12,000 Machining Assembly Job Y Machine-hours 50 Direct labor-hours 30 Job Z Machine-hours 40 Direct labor-hours 60 What is the predetermined overhead rate in the Assembly Department? Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $300,000 $ 400,000 25,000 10,000 15,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $330,000 $380,000 27,000 16,000 10,500 48,000 Job Z Assembly Fabrication Direct labor hours 10 hours 2 hours Machine hours 1 hour 7 hours Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job Z?