Landen Corporation uses a job-order costing system. At the beginning of the year, the company made...

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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: D

per DLH 1. Direct labor-hours: a. Predetermined overhead rate b. Total manufacturing cost of Job 550 c. Selling price 2. Mach

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Answer 1

Answer #1


Required 1

a)	Plantwided predetermined overhead rate
	fixed manufacturing overhead cost			(420,000/150,00)=		2.8
	variable manufacturing overhead cost per direct labor					4.6
	Plantwided predetermined overhead rate					7.4	answer


b)	Total manufacturing cost for job 550

	Direct materials				195
	direct labor cost				288
	overhead applied		(15*7.4)		111
	total manufacturing cost				594


c)	selling price
	total manufacturing cost *200%
	594*200%
	1188	Answer



Required 2

a)	Plantwided predetermined overhead rate
	fixed manufacturing overhead cost			(420,000/75,000)		5.6
	variable manufacturing overhead cost per machine hour					9.2
	Plantwided predetermined overhead rate					14.8	answer


b)	Total manufacturing cost for job 550

	Direct materials				195
	direct labor cost				288
	overhead applied		(5*14.8)		74
	total manufacturing cost				557


c)	selling price
	total manufacturing cost *200%
	557*200%
	1114	Answer

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