Suppose instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined rates...

 

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Suppose instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the current year. b. Determine the amount of manufacturing overhead cost applied to the Koopers job. 4. Assume it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and app overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 4A Required 4B Using the company's plantwide approach, compute the plantwide predetermined rate for the current year. Predetermined overhead rate % of direct labor cost Suppose instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the current year. b. Determine the amount of manufacturing overhead cost applied to the Koopers job. 4. Assume it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and app overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 4A Required 4B Using the company's plantwide approach, compute the plantwide predetermined rate for the current year. Predetermined overhead rate % of direct labor cost