Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Required 1 Required 2 Required 3 Cutting Predetermined overhead rate 4 86 $ 730 $ 92 $ Finishing 16 4 $ 390 $368 X Answer is not complete. Complete this question by entering your answers in the tabs given below. Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Cutting Using the predetermined overhead rates you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. Department 8,900 68,400 $ 390,000 $ 4.00 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Cutting Department 5.70 X per MH < Required 1 Saved Finishing Department 180.00 per DLH Finishing Required 2 > 71,000 2,300 $ 493,000 0 $3.75 Help Save & Exit Submi Return to question Week 2: Homework 3 6 points Direct labor-hours Direct materials Direct labor cost Machine-hours Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Required 1 Required 2 Required 3 Cutting Predetermined overhead rate 4 86 $ 730 $ 92 $ Finishing 16 4 $ 390 $368 X Answer is not complete. Complete this question by entering your answers in the tabs given below. Compute the predetermined overhead rate for each department. Note: Round your answers to 2 decimal places. Cutting Using the predetermined overhead rates you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. Department 8,900 68,400 $ 390,000 $ 4.00 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Cutting Department 5.70 X per MH < Required 1 Saved Finishing Department 180.00 per DLH Finishing Required 2 > 71,000 2,300 $ 493,000 0 $3.75 Help Save & Exit Submi Return to question
Expert Answer:
Answer rating: 100% (QA)
Required 1 Compute the predetermined overhead rate for each department Cutting Department Predetermi... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
1 Question One Special Day Souvenirs creates customized customized cornhole sets which are popular gifts for special events. During the month of November 20XX, Special Day Souvenirs undertook one job...
-
What's the difference between PS and OTPS in a budget?
-
Develop a data type Quote that implements the following API for quotations: To do so, define a nested class Card that holds one word of the quotation and a link to the next word in the quotation:...
-
Discuss the notion of planning and managing creative ideas against the notion of creative freedom.
-
The copper is present in the slag as dissolved Cu2O and in the alloy as dissolved elemental copper. The reaction representing the equilibrium process can be represented as Cu2O(slag) + Pb(metal) =...
-
You have won nine different trophies. How many different ways can you arrange the trophies side by side on a shelf?
-
a. On January 4, 2011, the stockholders of record as of the close of business on December 21, 2010 (the Record Date) received one (1) share of Motorola Mobility common stock for each eight (8) shares...
-
Evaluate the use of novel catalytic systems, such as structured catalysts, catalytic distillation, and multifunctional catalysts, in achieving process intensification, discussing the effects on...
-
7 A non-viscous liquid of constant density 5000kg / m flows in a variable cross-sectional tube. The area of cross-section of the tube at two points P and Q at heights of 3m and 6m are 2x10 m and 410m...
-
Case Type: Head case Main subjects: Harrasment, Open-Door Policy, Trust Who's Who: Paul Bello, Purchasing Manager Anisa Schumacher, Purchasing Agent Corey Widman, Bellman "May I have a confidential...
-
Telluride Mining Company purchased a new building to store its increasing supply of mining equipment. The building was purchased for $ 5 4 0 , 0 0 0 . The purchase price did not include $ 2 0 , 0 0 0...
-
Requirements for this case analysis: Problem statement Discussion of first, second, third key issues Recommendation - executive summary First alternative with pros and cons, second alternative with...
-
Bigco Corporation is one of the nation's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent income...
-
Utah Cloudberry, Inc. (UCI) is an area developer of Cloudberry franchises in the state of Utah. UCI has opened several Cloudberry outlets, including one in Salt Lake City near the University of Utah....
-
A man loans 192,000 and promised to pay for 8 years at an interest rate of 5% compounded annually, the first payment is due at the end of 10 years. Find the annual payment.
-
General Electric Capital, a division of General Electric, uses long-term debt extensively. In a recent year, GE Capital issued $11 billion in long-term debt to investors, then within days filed legal...
-
While preparing Massie Miller's 2012 Schedule A, you review the following list of possible charitable deductions provided by Massie: Cash contribution to a family whose house burned...
-
Jason and Mary are married taxpayers in 2012. They are both under age 65 and in good health. For this tax year, they have a total of $41,000 in wages and $500 in interest income. Jason and Mary's...
-
In 2012, Michael has net short-term capital losses of $2,000, a net long-term capital loss of $45,000, and other ordinary taxable income of $45,000. a. Calculate the amount of Michael's deduction for...
-
Hannah Gilpin is the controller of Blakemore Auto Glass, a division of Eastern Glass and Window. Her division has been under pressure to improve its divisional operating income. Currently, divisions...
-
Key success factors. Dalworth Construction Company provides construction services for major projects. Managers at the company believe that construction is a people-management business, and they list...
-
How do companies add value, and what are the dimensions of performance that customers are expecting of companies?
Study smarter with the SolutionInn App