Linzee Liners estimates that its manufacturing overhead will be $1,752,600 in Year 1. It further estimates...

  

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Linzee Liners estimates that its manufacturing overhead will be $1,752,600 in Year 1. It further estimates that direct labor costs will amount to $762,000. During March, Linzee worked on four jobs with actual direct labor costs of $36,200 for Job 0301, $23,700 for Job 0302, $33,200 for Job 0303, and $17,200 for Job 0304. Actual manufacturing overhead costs for the year were $1,740,000. Actual direct labor costs for the year were $747,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. Required: a. How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304? b. What was the over- or underapplied manufacturing overhead for Year 1? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304? Job 0301 Job 0302 Job 0303 Job 0304 Required A Required B What was the over- or underapplied manufacturing overhead for Year 1? manufacturing overhead < Required A Required B > Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials, direct labor, and overhead. The following data refer to operations expected for next quarter: Revenue Direct material Direct labor Overhead: Material handling overhead Fabrication overhead Plastic $ 660,000 360,000 240,000 Leather $ 680,000 440,000 220,000 a. Material handling predetermined rate b. Fabrication predetermined rate c. Total overhead (Plastic) d. Total overhead (Leather) Total $ 1,340,000 Required: a. Compute the material handling overhead rate for next quarter. b. Compute the fabrication overhead rate for next quarter. c. What is the total overhead allocated to the Plastic case next quarter? d. What is the total overhead allocated to the Leather case next quarter? 800,000 460,000 Tacoma uses a two-stage cost allocation system: It uses direct-material costs to allocate material handling overhead and direct-labor costs to allocate fabrication overhead costs. 224,000 588,800 28 % of direct-materials cost 28 % of direct-labor cost Linzee Liners estimates that its manufacturing overhead will be $1,752,600 in Year 1. It further estimates that direct labor costs will amount to $762,000. During March, Linzee worked on four jobs with actual direct labor costs of $36,200 for Job 0301, $23,700 for Job 0302, $33,200 for Job 0303, and $17,200 for Job 0304. Actual manufacturing overhead costs for the year were $1,740,000. Actual direct labor costs for the year were $747,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. Required: a. How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304? b. What was the over- or underapplied manufacturing overhead for Year 1? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304? Job 0301 Job 0302 Job 0303 Job 0304 Required A Required B What was the over- or underapplied manufacturing overhead for Year 1? manufacturing overhead < Required A Required B > Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials, direct labor, and overhead. The following data refer to operations expected for next quarter: Revenue Direct material Direct labor Overhead: Material handling overhead Fabrication overhead Plastic $ 660,000 360,000 240,000 Leather $ 680,000 440,000 220,000 a. Material handling predetermined rate b. Fabrication predetermined rate c. Total overhead (Plastic) d. Total overhead (Leather) Total $ 1,340,000 Required: a. Compute the material handling overhead rate for next quarter. b. Compute the fabrication overhead rate for next quarter. c. What is the total overhead allocated to the Plastic case next quarter? d. What is the total overhead allocated to the Leather case next quarter? 800,000 460,000 Tacoma uses a two-stage cost allocation system: It uses direct-material costs to allocate material handling overhead and direct-labor costs to allocate fabrication overhead costs. 224,000 588,800 28 % of direct-materials cost 28 % of direct-labor cost

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