Required a: | |||
Forming | Customizing | Total | |
Estimated total machine-hours (MHs) | 6000 | 4000 | 10000 |
(*) Estimated variable manufacturing overhead cost per MH | 1.00 | 2.00 | |
Estimated total variable manufacturing overhead | 6000 | 8000 | 14000 |
Estimated total fixed manufacturing overhead cost | 24000 | 10400 | 34400 |
Estimated total manufacturing overhead | 30000 | 18400 | 48400 |
Plantwide predetermined overhead rate = Estimated total manufacturing overhead / Estimated total machine hours used = 48400 / 10000 | 4.84 | per MH |
Required b: | |
Job L | |
Forming machine-hours | 3500 |
Customizing machine-hours | 1500 |
Total machine-hours worked | 5000 |
(*) Plantwide predetermined overhead rate | 4.84 |
Manufacturing overhead applied | 24200 |
Required c: | |
Job L | |
Direct materials | 9700 |
Direct labor cost | 10100 |
Manufacturing overhead applied | 24200 |
Manufacturing cost | 44000 |
Required d: | |
Job L | |
Manufacturing cost | 44000 |
(+) Markup @ 80% of manufacturing cost | 35200 |
Selling price | 79200 |
Required e : | ||
Forming predetermined overhead rate = ( Estimated total fixed manufacturing overhead cost / Estimated total machine hours ) + Estimated variable manufacturing overhead cost per MH = ( 24000 / 6000 ) + 1.00 | 5.00 | per MH |
Required f: | ||
Customizing predetermined overhead rate = ( Estimated total fixed manufacturing overhead cost / Estimated total machine hours ) + Estimated variable manufacturing overhead cost per MH = ( 10400 / 4000 ) + 2.00 | 4.60 | per MH |
Required g : | |
Job L | |
Overhead of forming department ( 5.00 * 3500 ) | 17500 |
Overhead of customizing department ( 4.60 * 1500 ) | 6900 |
Manufacturing overhead applied to Job L | 24400 |
Required h : | |
Job L | |
Direct materials | 9700 |
Direct labor cost | 10100 |
Manufacturing overhead applied | 24400 |
Manufacturing cost | 44200 |
(+) Markup @ 80% of manufacturing cost | 35360 |
Selling price | 79560 |
Hultquist Corporation has two manufacturing departments-Forming and Customizing. The company used the following data at the...
Hultquist Corporation has two manufacturing departments --Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming Customizing 3,000 7,000 $10,800 $15,400 $ 1.00 $ 2.00 Total 10,000 $26,200 During the period, the company started and completed two jobs --Job C and Job L. Data concerning those two jobs follow: Direct materials Direct...
Hultquist Corporation has two manufacturing departments-Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming 5,000 $10,500 $ 2.00 Customizing 5,000 $15,000 $ 4.00 Total 10,000 $25,500 During the period, the company started and completed two jobs-Job C and Job L. Data concerning those twojobs follow: Direct materials Direct labor cost Forming...
Hultquist Corporation has two manufacturing departments-Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming 6,000 $ 24,000 $ 1.00 Customizing 4,000 $10,400 $ 2.00 Total 10,000 $34,400 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Direct materials Direct labor...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Cac tugingement and stoper ME Forming Customizing 4,000 6,000 $ 8,000 $15,000 $ 3.00 $ 6.00 Total 10,000 $23,000 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 2,000 8,000 10,000 Estimated total fixed manufacturing overhead cost $ 6,400 $ 20,800 $ 27,200 Estimated variable manufacturing overhead cost per MH $ 1.50 $ 3.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job C...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 3,000 7,000 10,000 Estimated total fixed manufacturing overhead cost $ 10,500 $ 18,200 $ 28,700 Estimated variable manufacturing overhead cost per MH $ 1.00 $ 2.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job C...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 6,000 4,000 10,000 Estimated total fixed manufacturing overhead cost $ 20,400 $ 9,600 $ 30,000 Estimated variable manufacturing overhead cost per MH $ 2.50 $ 5.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job C...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 2,000 3,000 5,000 Estimated total fixed manufacturing overhead cost $ 28,000 $ 6,600 $ 34,600 Estimated variable manufacturing overhead cost per MH $ 1.50 $ 3.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job C...
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 6,000 4,000 10,000 Estimated total fixed manufacturing overhead cost $ 16,800 $ 9,200 $ 26,000 Estimated variable manufacturing overhead cost per MH $ 2.00 $ 4.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow: Job C...
help asap! Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Forming 6,080 $12,600 $ 2.50 Customizing 4,000 $10,800 $ 5.ee Total 10,880 $23,480 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow. Direct materials Direct...