Question: Managerial Accounting please help with the full question. Blast ir said David Wilson, president of Teledex Company. We've just lost the bid on the Koopers
"Blast ir said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $4,000. It seems we're either too high to get the job or too low to make any money on half the jobs we bid." Teledex company manufactures products to customers' specifications and operates a job order costing system. Manufacturing overhead cost is applied to jobs on the basis of direct labor cost. The following estimates were made at the beginning of the year: Department Fabricating Machining Assembly Total Plant Direct labor 207,000 103,500 310,500 621.000 Manufacturing overhead $362,250 $414,000 93,150 869,400 Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows: Department Fabricating Machining Assembly Total Plant Direct materials 3,700 200 2,100 6,000 Direct labor 4,200 500 6900 11,600 Manufacturing overhead The company uses a plantwide overhead rate to apply manufacturing overhead cost to jobs. Required: 1. Assuming use of a plantwide overhead rate: a. Compute the rate for the current year. etermined overhead rate of direct labor cost
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