Question

ter 2 Saved Help Save & Exit Submit Exercise 2-7 Job-Order Costing; Working Backwards [LO2 1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour . During the year, the company started and completed only two jobs-Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 2 2 $1,533,500 Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost $ 235,000 345,000 184,000 $ 764,000 cos Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the plantwide predetermined overhead rate. Plantwide predetermined overhead rate per DLH Required 1 Required 2 >

Answer 1

Solhe Part (A) Direct labour hours 345000 Direct labour rate per hour 15 23000 Plant wide predetermined overhead Rate = Manufacturing overhead applied Direct labour hours 184000 23000 18 por DLH Part (B) Direct materials - ( Total gob cost - Direct labour cost - manufacturing over head Direct labour cost = Birect labour hown x Rate per hour 54500 X 15 $ 817500 Manufactwing overhead - Direct labour hours x Pre. overhead Rate 54500 X 8 $ 436 000 Direct Material 1533500 - 817500 - 436000 $280 000 finally Direct Material Birect labowe Manufacturing overhead applied Total Job cost $ 280000 $ 817500 $ 436000 $ 1533500