Homework Answers
1A. . Plant-wide predetermined overhead rate = $ 924,000 / $ 660,000 = 1.40 or 140 % of direct labor cost.
1B. Manufacturing overhead applied to Kooper's job = $ 15,600 x 140 % = $ 21,840
2A.
| Fabricating | Machining | Assembly | |
| Manufacturing Overhead | $ 385,000 | $ 440,000 | $ 99,000 |
| Direct Labor | 220,000 | 110,000 | 330,000 |
| Departmental Predetermined Overhead Rate | 175 % | 400 % | 30 % |
2B.
| Department | Direct Labor Cost on Kooper Job | Departmental Predetermined Overhead Rate | Overhead Assigned |
| Fabrication | $ 6,800 | 175 % | $ 11,900 |
| Machining | 600 | 400 % | 2,400 |
| Assembly | 8,200 | 30 % | 2,460 |
| Total Overhead Assiigned | $ 16,760 |
4.A.
| Direct materials | $ 8,700 |
| Direct labor | 15,600 |
| Overhead applied | 21,840 |
| Total manufacturing costs | 46,140 |
| Bid Price on Kooper's job ( 46,140 x 150 % ) | $ 69,210 |
4B.
| Direct materials | $ 8,700 |
| Direct labor | 15,600 |
| Overhead applied | 16,760 |
| Total Manufacturing Costs | 41,060 |
| Bid Price on Kooper's job ( 41,060 x 150 % ) | 61,590 |
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Department Fabricating Machining Assembly Total Plant Manufacturing overhead Direct labor 379,750 434,000 97,650 $ 911,4co s...
Department Fabricating Machining Assembly Total Plant Manufacturing overhead Direct labor 379,750 434,000 97,650 $ 911,4co s 217,000 108,s00 325,500 651,000 Jobs require varying amounts of work in the three departments. he Koopers job,for example, would have required manu costs in the three departments as follows: Direct materials Direct labor Manufacturing overhead Fabricating 4,700 6,200 hining 300 600 Assembly $3,100 7,900 Total Plant 8,100 $14,700 Required: 1. Using the company's plantwide approach: a. Compute the plantwide predetermined rate for the current...
if you can please answer questions 1-4 including the A & B sections that woukd be...
if
you can please answer questions 1-4 including the A & B
sections that woukd be great! Thank you very much!
"Blast It" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $2,000. 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 uses a job-order costing system. The company uses...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
All one problem, 6 parts. THANK YOU!! "Blast it!" said David Wilson, president of Teledex Company,...
All one problem, 6 parts. THANK YOU!!
"Blast it!" 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $2,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
Department Fabricating Machining Assembly Total Plant Manufacturing overhead Direct labor 379,750 434,000 97,650 $ 911,4co s 217,000 108,s00 325,500 651,000 Jobs require varying amounts of work in the three departments. he Koopers job,for example, would have required manu costs in the three departments as follows: Direct materials Direct labor Manufacturing overhead Fabricating 4,700 6,200 hining 300 600 Assembly $3,100 7,900 Total Plant 8,100 $14,700 Required: 1. Using the company's plantwide approach: a. Compute the plantwide predetermined rate for the current...
if
you can please answer questions 1-4 including the A & B
sections that woukd be great! Thank you very much!
"Blast It" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $2,000. 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 uses a job-order costing system. The company uses...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
All one problem, 6 parts. THANK YOU!!
"Blast it!" 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $2,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
"Blast it!" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers job by $3,000. 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 uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to...
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