Duncan Co. manufactures equipment for the semiconductor industry. Duncan uses machine-hours for the single indirect cost...
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Duncan Co. manufactures equipment for the semiconductor industry. Duncan uses machine-hours for the single indirect cost allocation rate to allocate indirect manufacturing costs to the various jobs contracted during the year. The following estimates are provided for year and for job #652: Direct Materials Direct manufacturing labour Company $200,000 $98,000 Manufacturing overhead costs $60,000 Machine-Hours 7,500 MH Job #655 $2,000 $530 45 MH Required: a. For Duncan Co, determine the annual manufacturing indirect cost allocation rate b. Determine the amount of manufacturing overhead costs allocated to job #655. C. Determine the estimated total manufacturing costs for job #655 Duncan Co. manufactures equipment for the semiconductor industry. Duncan uses machine-hours for the single indirect cost allocation rate to allocate indirect manufacturing costs to the various jobs contracted during the year. The following estimates are provided for year and for job #652: Direct Materials Direct manufacturing labour Company $200,000 $98,000 Manufacturing overhead costs $60,000 Machine-Hours 7,500 MH Job #655 $2,000 $530 45 MH Required: a. For Duncan Co, determine the annual manufacturing indirect cost allocation rate b. Determine the amount of manufacturing overhead costs allocated to job #655. C. Determine the estimated total manufacturing costs for job #655
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a To determine the annual manufacturing indirect cost allocation rate we need to divide the total ma... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
Posted Date:
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