Answer is $295000
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 materials $60,000 $25,000 ??? $60,000 Direct labor Manufacturing overhead $80,000 ???...
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, 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, 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...
Pages Corporation uses job costing and has two production departments, Mand A Budgeted manufacturing costs for the year are as follow Direct materials Direct labor Factory overhead Dept. M $706, oee 286,000 618,000 Dept. A $106,000 812,000 406,000 The actual direct materials and direct labor costs charged to Job. No. 432 during the year were as follows: $36,000 Direct materials Direct labor: Department M Department A $14,600 18,00 32, eee Pigot applies manufacturing overhead to production orders on the basis...
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...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $60 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments Assembly Department 9 Sanding Department Actual results Direct labor hours used Machine hours used The cost...
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: Department Cutting Finishing Direct labor-hours 6,800 76,000 Machine-hours 58,400 1,600 Total fixed manufacturing overhead cost $ 380,000...
The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machine-hours in Dept. B. At the beginning of the year, the Corporation made the following estimates: Direct labor cost Manufacturing overhead Direct labor-hours Machine-hours Dept. A Dept. B $60,000 $40,000 $90,000 $45,000 6,000 9,000 2,000 15,000 What predetermined overhead rates would be used in Dept. A and Dept. B, respectively? Multiple Choice...