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Kody Corporation | ||
Answer 1 | ||
Calculation of Predetermined OH Rate | Total | Note |
Fixed manufacturing overhead cost | 652,000.00 | A |
Machine Hours | 155,000.00 | B |
Predetermined Fixed OH Rate | 4.21 | C=A/B |
Add: Variable manufacturing overhead cost per hour | 4.40 | D |
Predetermined OH Rate | 8.61 | E=C+D |
Answer 2 | ||
Overhead Allocated to Job 500 | Job 500 | Note |
Machine Hours | 39.00 | F |
Predetermined OH Rate | 8.61 | See E |
Overhead Allocated | 335.79 | G=E*F |
Total manufacturing overhead cost of Job 500 | Job 500 | Note |
Direct materials | 340.00 | |
Direct Labors | 270.00 | |
Overhead Allocated | 335.79 | See G |
Total manufacturing overhead cost of Job 500 | 945.79 | |
Answer 3 a | ||
Calculation of Overhead variance | Total | Note |
Actual Machine Hours | 145,100.00 | H |
Predetermined OH Rate | 8.61 | See E |
Overhead applied | 1,249,311.00 | I=H*E |
Actual Overhead | 1,250,311.00 | J |
Under applied Overhead | 1,000.00 | K=J-I |
< Question 7 (of 7) Seve Ed Submit 10.00 points Kody Corporation uses a job-order costing...
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 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 $ 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 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 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 requred to support estimated production Fixed manufacturing overhead cost Vanabio manufacturing overhead cost per machine-hour 150.000 654,000 $ 420 Required: 1. Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead I 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 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...
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...