Homework Answers
Department A
Manufacturing overhead = Predetermined overhead rate * Direct labor cost
$80,000 = $2.00 * Direct labor cost
Direct labor cost = $80,000 /$2.00
= $40,000
Department A total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead
= $60,000 + $40,000 + $80,000
= $180,000
Department B
Manufacturing overhead = Predetermined overhead rate * Direct labor cost
= $60,000 * $0.50
= $30,000
Department B total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead
= $25,000 + $60,000 + $30,000
= $115,000
Total manufacturing cost assigned to Job 628 = Department A total manufacturing cost + Department B total manufacturing cost
= $180,000 + $115,000
= $295,000
Total manufacturing cost assigned to Job 628 was $295,000.
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Kimmel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor...
Kimmel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor...
Kimmel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are $2 per direct labor dollar for Department A and $0.50 per direct labor dollar for Department B. The following data are available for Job 628, which was started and completed during the year: Dept. A Dept. B Direct $60,000 $25,000 materials Direct labor ??? $60,000 Manufacturing $80,000 overhead 777...
amel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor...
amel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are $2 per direct labor dollar for Department A and $0.50 per direct labor dollar for Department B. The following data are available for Job 628, which was started and completed during the year: Dept. A Dept. B $60,000 $25,000 Direct materials Direct labor Manufacturing overhead ??? $60,000 $80,000 ???...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, L02-2, LO2-4) White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, L02-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Department Cutting Finishing Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 6,800 76,000 Machine-hours 58,400 1,600 Total fixed manufacturing overhead cost $ 380,000...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, L02-4] White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, L02-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Department Cutting Finishing Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
question 17 Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments,...
question 17
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4) 1 points White Company has two departments....
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4) 1 points White Company has two departments. Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
Kimmel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are $2 per direct labor dollar for Department A and $0.50 per direct labor dollar for Department B. The following data are available for Job 628, which was started and completed during the year: Dept. A Dept. B Direct $60,000 $25,000 materials Direct labor ??? $60,000 Manufacturing $80,000 overhead 777...
amel Corporation has two production departments and uses departmental predetermined overhead rates based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are $2 per direct labor dollar for Department A and $0.50 per direct labor dollar for Department B. The following data are available for Job 628, which was started and completed during the year: Dept. A Dept. B $60,000 $25,000 Direct materials Direct labor Manufacturing overhead ??? $60,000 $80,000 ???...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, L02-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Department Cutting Finishing Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, L02-4] White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Department Cutting Finishing Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
question 17
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable...
Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4) 1 points White Company has two departments. Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing...
Exercise 2-13 Departmental Predetermined Overhead Rates (LO2-1, LO2-2, LO2-4) White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per...
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