Homework Answers
Step-1, The calculation of the Plantwide overhead rate
The Plantwide overhead rate = Total estimated overhead cost / Estimated total machine hours
= $1,250,000 / 30,000 Machine hours
= $41.67 per Machine hour
Step-2, The Overhead cost assigned to JOB-1534
The Overhead cost assigned to JOB-1534 = The actual machine hours worked x Plantwide overhead rate
= 225 Machine hours x $41.67 per Machine hour
= $9,375
“Hence, the Overhead cost assigned to JOB-1534 will be $9,375”
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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct Labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 140,000 70,000 $784,000 $ 2.09 $ 4.00 During the year, Job 550 was started and completed....
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please help. thank you!! The Gilster Company, a machine tooling firm, has several plants. One plant,...
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1)
2)
3)
Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 220 $ 120 Required: 1. What is the total manufacturing cost assigned to Job A 500? 2. If Job A 500 consists of 80 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing...
please help and show work. Thank you!! Saddle Inc. has two types of handbags: standard and...
please help and show work. Thank you!!
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations. Direct labor costs Machine hours Setup hours Standard...
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use...
Saddle Inc. has two types of handbags: standard and custom. The
controller has decided to use a plantwide overhead rate based on
direct labor costs. The president has heard of activity-based
costing and wants to see how the results would differ if this
system were used. Two activity cost pools were developed: machining
and machine setup. Presented below is information related to the
company’s operations.
Standard
Custom
Direct labor costs
$50,000
$100,000
Machine hours
1,200
1,500
Setup hours
90
390...
please help me get the incorrect 3
Problem 2-4A (Video) Agassi Company uses a job order cost system in each of its three manufacturing departments. Mar and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for Department D E K Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1,400,000 $2,000,000 100,000 400,000 $1,250,000 $1,250,000 125,000 500,000 $720,000 $450,000 40,000 120,000 During January, the job cost sheets showed the...
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please answer A, B, C on both 1 & 2 for it is 1 question.
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct Labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 140,000 70,000 $784,000 $ 2.09 $ 4.00 During the year, Job 550 was started and completed....
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
please help thank you!
Mickley Company's plantwide predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: S 220 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit...
please help. thank you!!
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $232,000. Each department's overhead consists primarily of depreciation and other...
1)
2)
3)
Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 220 $ 120 Required: 1. What is the total manufacturing cost assigned to Job A 500? 2. If Job A 500 consists of 80 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing...
please help and show work. Thank you!!
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations. Direct labor costs Machine hours Setup hours Standard...
Saddle Inc. has two types of handbags: standard and custom. The
controller has decided to use a plantwide overhead rate based on
direct labor costs. The president has heard of activity-based
costing and wants to see how the results would differ if this
system were used. Two activity cost pools were developed: machining
and machine setup. Presented below is information related to the
company’s operations.
Standard
Custom
Direct labor costs
$50,000
$100,000
Machine hours
1,200
1,500
Setup hours
90
390...
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