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Homework Answers
Answer c 1
Bid price = 6.47 + [18%*6.47] = 7.63 or $8
Overhead rate = (250000+133000+ 288000) / (46000+15000) = 11
Manufacturing costs for Job 110 per unit = 97000 /15000 = 6.47
Answer c 2
Bid price = 4.84 + [18%*4.84] = 5.71 or $6
Total Manufacturing costs for Job 110 = 19000 + (33000+7600) + (3.73*(120+1200) + 7*120 + 6*1200) = 72563.6
Manufacturing costs for Job 110 per unit = 72563.6 / 15000 = 4.84
Answer c 3
Overhead rate by machine Hours
Answer d
Overhead applied = 3.73*(19500+50000) + 7*19500 + 6*50000
Overhead applied = $ 695735
Actual Overhead = 232000 + 132000+303000
Actual Overhead = 667000
Overapplied Overhead = 695735 - 667000
Overapplied Overhead = $ 28735
answer f is dependent on answer e. No informtaion is provided on part e
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(The following information applies to the questions displayed below.) The...
overhead rate from part a= 13.88 overhead rate from part b= 3.91 answer all parts of...
overhead rate from part a= 13.88
overhead rate from part b= 3.91
answer all parts of of question c (c-1, c-2, c-3)
c-3
options are: by direct labor hours or by machine hours
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's...
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls,...
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager’s salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department’s overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted...
please help. thank you!! The Gilster Company, a machine tooling firm, has several plants. One plant,...
please help. thank you!!
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $232,000. Each department's overhead consists primarily of depreciation and other...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
Required Information The following information applies to the questions displayed below] Delph Company uses a job-order...
Required Information The following information applies to the questions displayed below] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year. Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,000 $ 5.50 Fabrication 41,800 $250,000 $ 5.50 Total 72,800 $1,210,000 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only two...
Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 21,000 31,000 $ 760,000 $ 300,000 $ 3.00 $ 2.00 Total 52,000 $1,060,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Help Save & Exit Submit Required information The following information applies to the questions displayed below.]...
Help Save & Exit Submit Required information The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments - Molding and Fabrication. The company provided the following estimates at the beginning of the year Part 1 of 2 Holding Fabrication Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 710,000 6.10 $ $ 230,000 6.10 Skipped eBook During the year, the company had no beginning or ending inventories...
Help Save & Exit Submit Required information The following information applies to the questions displayed below....
Help Save & Exit Submit Required information The following information applies to the questions displayed below. Part 2 of 2 Delph Company uses a job order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Skipped Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per nachine-hour Kolding 32.000 710,000 6. 10 $ 3 Fabrication 42.000 $ 230,000 3 6.10 Total 74.000 340,000 $ Book Print During the...
Don applies to the questions displayed below.) Delph Company uses a job-order costing system and has...
Don applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication. Total 28,000 38, ce 66,000 $720,800 $ 220, eee $948, eee $ 5.99 $ 5.90 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
10 applies to the questions displayed below.) Delph Company uses a job-order costing system and has...
10 applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments --Molding and Fabrication. The company provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding FabricationTotal 28,000 38, ce 66,000 $720,800 $ 220, eee $948, eee $ 5.99 $ 5.90 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
overhead rate from part a= 13.88
overhead rate from part b= 3.91
answer all parts of of question c (c-1, c-2, c-3)
c-3
options are: by direct labor hours or by machine hours
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's...
please help. thank you!!
The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $232,000. Each department's overhead consists primarily of depreciation and other...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
Required Information The following information applies to the questions displayed below] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year. Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 31,890 $760,000 $ 5.50 Fabrication 41,800 $250,000 $ 5.50 Total 72,800 $1,210,000 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only two...
Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 21,000 31,000 $ 760,000 $ 300,000 $ 3.00 $ 2.00 Total 52,000 $1,060,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Help Save & Exit Submit Required information The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments - Molding and Fabrication. The company provided the following estimates at the beginning of the year Part 1 of 2 Holding Fabrication Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 710,000 6.10 $ $ 230,000 6.10 Skipped eBook During the year, the company had no beginning or ending inventories...
Help Save & Exit Submit Required information The following information applies to the questions displayed below. Part 2 of 2 Delph Company uses a job order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Skipped Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per nachine-hour Kolding 32.000 710,000 6. 10 $ 3 Fabrication 42.000 $ 230,000 3 6.10 Total 74.000 340,000 $ Book Print During the...
Don applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication. Total 28,000 38, ce 66,000 $720,800 $ 220, eee $948, eee $ 5.99 $ 5.90 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
10 applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments --Molding and Fabrication. The company provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding FabricationTotal 28,000 38, ce 66,000 $720,800 $ 220, eee $948, eee $ 5.99 $ 5.90 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
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