Homework Answers
| Overhead rate | ||
| Machining | ||
| Total overhead cost(a) | 400000 | |
| Machine hours(b) | 80000 | |
| Rate(a/b) | 5.00 | |
| Assembly | ||
| Total overhead cost(a) | 800000 | |
| Direct labor hours(b) | 40000 | |
| Rate(a/b) | 20.00 | |
| Job 1 | ||
| Machining | Assembly | |
| Material | 5000 | 5000 |
| Labor cost | 2500 | 2000 |
| Overheads | 50 | 1000 |
| ($5*10 machine hrs) | ($20*50 direct labor hrs) | |
| total | 7550 | 8000 |
| total costs for Job#1 | 15550 | |
| (7550+8000) |
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OOPOO) Rhett Company has two departments, Machining and Assembly. The following estimates are for the coming...
Mason Company has two manufacturing departments—Machining and Assembly.
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B:Estimated DataMachiningAssemblyTotalManufacturing overhead$16,038,000$729,000$16,767,000Direct labor hours27,000594,000621,000Machine hours594,00022,000616,000Job AMachiningAssemblyTotalDirect labor hours51015Machine hours11213Job BMachiningAssemblyTotalDirect labor hours459Machine hours12315Required:1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would...
please show work on excel spreadsheet with calculations Problem 3: Job Costing - Two Departments (20...
please show work on excel spreadsheet with calculations
Problem 3: Job Costing - Two Departments (20 points) Rhett Company has two departments, Machining and Assembly. The following estimates are for the coming year. Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 10,000 Manufacturing overhead $400,000 $800,000 The machining department uses direct labor hours to allocate overhead while the assembly department uses machine hours. The actual data for Job # 1 is as follows: Machining 50 Assembly 20 Direct manufacturing...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $1,352,000 13,000 104,000 Assembly $ 169,000 104,000 8,000 Total $1,521,000 117,000 112,000 Job A Direct labor hours Machine hours Machining Assembly Total 1 12 13...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $22.500.000 30,000 750,000 Assembly $ 900.000 750,000 25,000 Total $23.400.000 780,000 775,000 JobA Direct labor hours Machine hours Machining Assembly 10 Total 15 Machining Assembly...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours Machine-hours Machining $1,764,000 14.000 126,000 Assembly $ 196,000 126,000 9,000 Total $1,960,000 140,000 135,000 JobA Direct labor-hours Machine-hours Machining Assembly 5 10 11 2 Total 15 13 Job B...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 1,352,000 $ 169,000 $ 1,521,000 Direct labor-hours 13,000 104,000 117,000 Machine-hours 104,000 8,000 112,000 Job A Machining Assembly Total Direct labor-hours 5 10 15 Machine-hours 11 2...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 2,250,000 $ 225,000 $ 2,475,000 Direct labor-hours 15,000 150,000 165,000 Machine-hours 150,000 10,000 160,000 Job A Machining Assembly Total Direct labor-hours 5 10 15 Machine-hours 11 2...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 9,522,000 $ 529,000 $ 10,051,000 Direct labor-hours 23,000 414,000 437,000 Machine-hours 414,000 18,000 432,000 Job A Machining Assembly Total Direct labor-hours 5 10 15 Machine-hours 11 2...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $5,054,000 19,000 266,000 Assembly $361,000 266,000 14,000 Total $5,415,000 285,000 280,000 Job A Direct labor hours Machine hours Machining Assembly Total 5 10 15 13...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $9,522,000 23,000 414,000 Assembly $529,000 414,000 18,000 Total $10,051,000 437,000 432,000 Machining Assembly Total Job A Direct labor hours Machine hours 11 2 13 Machining...
please show work on excel spreadsheet with calculations
Problem 3: Job Costing - Two Departments (20 points) Rhett Company has two departments, Machining and Assembly. The following estimates are for the coming year. Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 10,000 Manufacturing overhead $400,000 $800,000 The machining department uses direct labor hours to allocate overhead while the assembly department uses machine hours. The actual data for Job # 1 is as follows: Machining 50 Assembly 20 Direct manufacturing...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $1,352,000 13,000 104,000 Assembly $ 169,000 104,000 8,000 Total $1,521,000 117,000 112,000 Job A Direct labor hours Machine hours Machining Assembly Total 1 12 13...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $22.500.000 30,000 750,000 Assembly $ 900.000 750,000 25,000 Total $23.400.000 780,000 775,000 JobA Direct labor hours Machine hours Machining Assembly 10 Total 15 Machining Assembly...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours Machine-hours Machining $1,764,000 14.000 126,000 Assembly $ 196,000 126,000 9,000 Total $1,960,000 140,000 135,000 JobA Direct labor-hours Machine-hours Machining Assembly 5 10 11 2 Total 15 13 Job B...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $5,054,000 19,000 266,000 Assembly $361,000 266,000 14,000 Total $5,415,000 285,000 280,000 Job A Direct labor hours Machine hours Machining Assembly Total 5 10 15 13...
Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor hours Machine hours Machining $9,522,000 23,000 414,000 Assembly $529,000 414,000 18,000 Total $10,051,000 437,000 432,000 Machining Assembly Total Job A Direct labor hours Machine hours 11 2 13 Machining...
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