1 | Manufacturing Overhead Applied to Job A | $375 |
Manufacturing Overhead Applied to Job B | $225 | |
2 | Manufacturing Overhead Applied to Job A | $287.50 |
Manufacturing Overhead Applied to Job B | $306.25 |
Explanation;
1.a) Plant wide Predetermined Overhead Rate = Total Manufacturing Overhead / Total Direct Labor Hour
=$13,125,000/ 525,000 = $25
Manufacturing Overhead Applied Job A : Total Direct Labor Hour × Plant Wide Predetermined Overhead Rate
=$15 ×25 = $375
b) Manufacturing Overhead Applied to Job.B = $9 ×$25 = $225
2. Department Predetermined Overhead Rate;
Machining = Manufacturing Overhead / Machine Hour
Machining =$12,500,000/ 500,000 = 25 Per MH
Assembly = Manufacturing Overhead / Labor Hours
Assembly =$625,000/500,000 =1.25
a) Manufacturing Overhead Applied to Job A
=(11×$25) + (10 ×$1.25) = $275 +$12.5 = $287.5 b) Manufacturing Overhead Appled to Job B ;
(12×$25) + (5× $1.25) =$300 +$6 25 = 306.25
i Saved A company has two manufacturing departments--Machinery and Assembly. The company consid costs to be...
Help Save & Exit Submit A company has two manufacturing departments-Machinery 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 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 Msembly Total $ 900,000 $23,400,000 750,000 780,000 25,000 775,000 Job Direct labor-hours Machine-hours Machining Assembly Total 5 10 15...
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...
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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...
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: 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...
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...
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