1.
Predetermined overhead rate = Estimated overhead / Estimated machine hours
Predetermined overhead rate = $654,000+663,600 (158,000*$4.20) / 158,000
Predetermined overhead rate = $1,317,600 / 158,000 = $8.34 per machine hour
2.
Job 500 | |
Direct material | $300 |
Direct labor | 270 |
Applied overhead (35*$8.34) | 292 |
Total manufacturing cost | $862 |
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine hours....
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 153,000 Fixed manufacturing overhead cost $ 659,000 Variable manufacturing overhead cost per machine-hour $ 4.40 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year Job 500 was started and completed. The following information was...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ $ 153,000 651,000 4.50 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year Job 500 was started...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ 156,000 658,000 4.30 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate Predetermined overhead per MH 2. During the year Job 500 was...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 150,000 Fixed manufacturing overhead cost $ 653,000 Variable manufacturing overhead cost per machine-hour $ 4.90 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year Job 500 was started and completed. The following information...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 157,000 Fixed manufacturing overhead cost $ 653,000 Variable manufacturing overhead cost per machine-hour $ 4.20 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year Job 500 was started and completed. The...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 155,000 Fixed manufacturing overhead cost $ 656,000 Variable manufacturing overhead cost per machine-hour $ 4.80 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. During the year Job 500 was started and completed. The following...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour S $ 154,000 654,000 4.90 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year Job 500 was started...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 152,000 S 655,000 $ 4.70 Required: 1. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year Job 500 was started and completed. The following information...
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the tolowing estimates Machine-hours required to support estimated production Fxed 159,000 659,000 4.00 overhead oost Required 1 Compute the predelemined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. per MH 2 During the year Job 500 was stared and completed. The following information was available with respect to this job...
Answer #1 and #3 please
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the compary made the following estimates: Fixed Variable manufacturing overhead cost per machine-hour 159,000 3 650,000 4.90 overmead cost Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places) per MH 2 During the year Job 500 was started and completed. The following information was...