Bass Boss Manufacturing Company manufactures two types of bass boats. Bass Boss provides the following data,...
Bass Boss Manufacturing Company manufactures two types of bass
boats. Bass Boss provides the following data, pertinent to
allocating its annual overhead cost of $435,000:
| Bass Boss Product |
Boss Hog |
Boss Bear |
||
| Units per year | 15,000 | 20,000 | ||
| Machine hours/unit | 3.0 | 5.0 | ||
| Materials cost/unit | $1,500 | $2,000 | ||
| Labour cost/unit | $ 800 | $1000 |
What is the amount of manufacturing overhead allocated to Boss Bear
assuming the cost driver is machine hours/unit?
| $435,000 |
| $217,500 |
| $100,000 |
| $300,000 |
| $135,000 |
2.The Prestige Company, which utilizes job-order costing, uses a
predetermined overhead rate based on machine hours to apply both
variable and fixed manufacturing overhead to jobs.
Estimates for the month of April are as
follows:
Total manufacturing overhead (fixed and
variable) $24,000
Machine
hours 8,000
Actual results for April were:
Total manufacturing overhead (fixed and
variable) $22,000
Machine
hours 7,800
The balance in the manufacturing overhead control account at the
end of April will indicate the overhead was:
| Underapplied by $1,400 |
| Overapplied by $1,400 |
| Underapplied by $2,000 |
|
Overapplied by $2,000 |
3.The Watering Hole Company uses job-order costing and a
predetermined overhead rate of 120% of direct labour dollars. The
following information is available for the month of
October:
| Added in October | |||
| Job # | Work in Process Balance @ 10/1 |
Direct Materials | Direct Labour |
| 1 | $1,400 | $200 | $300 |
| 2 | $2,100 | $200 | $200 |
| 3 | $800 | $500 | $700 |
| 4 | $1,600 | $400 | $800 |
Total debits to the work-in-process account in October
totalled:
| $11,600 |
| $5,700 |
| $3,300 |
|
$9,200 |
4.The Whitestone Company uses a job-order costing system. The
predetermined overhead rate for fixed manufacturing overhead is
based on direct labour hours. The company has provided the
following estimates:
Direct labour hours 4,000
Variable manufacturing overhead $14,000
Fixed manufacturing overhead $10,000
Direct labour dollars $48,000
The company will use a predetermined fixed manufacturing overhead
rate of:
| $2.50 per direct labour hour |
| $12.00 per direct labour hour |
| $7.00 per direct labour dollar |
| $6.00 per direct labour dollar |
Homework Answers
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Bass Boss Manufacturing Company manufactures two types of bass
boats. Bass Boss provides the following data,...
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