Question: Please help with this managerial accounting question. Will be sure to leave a review. Thank you! 2. Marius Corporation has two production departments, Casting and
2. Marius Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting Finishing 4,000 12,000 6,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 18,000 S118,800 $57,600 $2.20 During the current month the company started and finished Job K895. The following data were recorded for this job: Job K895: Machine-hours Direct labor-hours Casting Finishing 30 60 70 20 Required: a. Calculate the estimated total manufacturing overhead for the Finishing Department. b. Calculate the predetermined overhead rate for the Finishing Department. c. Calculate the amount of overhcad applied in the Finishing Department to Job K895
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