Homework Answers
| Predetermined overhead rate | ||||
| Molding | Customizing | Total | ||
| Estimated Fixed manufacturing overhead cost-A | $ 15,000 | $ 9,600 | $ 24,600 | |
| Estimated total machine hours-B | 6,000 | 3,000 | 9,000 | |
| Manufacturing overhead cost per Machine hour-A/B | $ 2.50 | $ 3.20 | ||
| Estimated Variable manufacturing overhead per hr | $ 2.50 | $ 4.00 | ||
| Selling Price | ||||
| Job C | Job M | |||
| Direct Material | $ 16,200 | $ 9,500 | ||
| Direct Labor cost | $ 22,900 | $ 9,900 | ||
| Molding Fixed Manufacturing overhead@ $2.50 | $ 6,750 | 8,250 | ||
| Molding Variable Manufacturing overhead@ $2.50 | $ 6,750 | $ 8,250 | ||
| Customizing Fixed Manufacturing overhead@ $3.20 | $ 7,680 | $ 1,920 | ||
| Customizing Variable Manufacturing overhead@ $4 | $ 9,600 | $ 2,400 | ||
| Total manufacturing cost - A | $ 69,880 | $ 40,220 | ||
| Add: 20% mark up (B=A*20%) | $ 13,976 | $ 8,044 | ||
| Selling Price(A+B) | $ 83,856 | $ 48,264 |
Add Answer to:
2019 Kluth Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee beginning of the year to calculate predetermined overhead rates Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 1,800 15,800 14,000 $35,000 $ 2.00 $5,040 $40,040 4.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories Data concerning those two jobs...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine-hours (MHs) 11,000 1,500 12,500 Estimated total fixed manufacturing overhead cost $ 38,500 $ 4,200 $ 42,700 Estimated variable manufacturing overhead cost per MH $ 3.00 $ 6.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and
Customizing. The company used the following data at the beginning
of the year to calculate predetermined overhead rates:
Molding
Customizing
Total
Estimated total machine-hours (MHs)
6,000
1,200
7,200
Estimated total fixed manufacturing overhead cost
$
15,000
$
4,560
$
19,560
Estimated variable manufacturing overhead cost per MH
$
2.50
$
5.00
During the most recent month, the company started and completed
two jobs--Job C and Job M. There were no beginning inventories.
Data...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 3,400 $ 18,200 $8,500 $ 1.50 $ 3.00 Total 10,400 $26,700 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine - hours (MH) 7,000 3,800 10,800 Estimated total fixed manufacturing overhead cost $18,200 $7,600 $25,800 Estimated variable manufacturing overhead cost per MH $ 1.50 $5.00 During the most recent month, the company started and completed two jobs-- Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MS) Estimated total fixed manufacturing overhead coat Estimated variable manufacturing overhead cost per MH. Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 1,300 $18,200 $4,550 $ 1.50 $ 3.00 Total 8,300 $22,750 During the most recent month, the company started and completed two jobs--Job C and Job...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments-Moking...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments-Moking and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Mus) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M1 Molding Customizing Total 7,099 2 ,400 9,409 $18,289 $ 9,600 $27,889 $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs-Job C...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable nanufacturing overhead cost per MH Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 01:19:03 During the most recent month, the company started and completed two...
Harnett Corporation has two manufacturing departments --Molding and Assembly. The company used the following data at...
Harnett Corporation has two manufacturing departments --Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estinated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 8,000 $32,800 $ 3.ee Assembly 2,eee $9,400 $ 6.00 Total 10,000 $42,200 During the period, the company started and completed two jobs-Job E and Job M. Data cancerning those two jobs follow: Direct materials Direct labor...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at thee beginning of the year to calculate predetermined overhead rates Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 1,800 15,800 14,000 $35,000 $ 2.00 $5,040 $40,040 4.00 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories Data concerning those two jobs...
Kluth Corporation has two manufacturing departments--Molding and
Customizing. The company used the following data at the beginning
of the year to calculate predetermined overhead rates:
Molding
Customizing
Total
Estimated total machine-hours (MHs)
6,000
1,200
7,200
Estimated total fixed manufacturing overhead cost
$
15,000
$
4,560
$
19,560
Estimated variable manufacturing overhead cost per MH
$
2.50
$
5.00
During the most recent month, the company started and completed
two jobs--Job C and Job M. There were no beginning inventories.
Data...
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 3,400 $ 18,200 $8,500 $ 1.50 $ 3.00 Total 10,400 $26,700 During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine - hours (MH) 7,000 3,800 10,800 Estimated total fixed manufacturing overhead cost $18,200 $7,600 $25,800 Estimated variable manufacturing overhead cost per MH $ 1.50 $5.00 During the most recent month, the company started and completed two jobs-- Job C and Job M. There were no beginning inventories. Data...
Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MS) Estimated total fixed manufacturing overhead coat Estimated variable manufacturing overhead cost per MH. Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 During the most recent month, the company started and completed two jobs-Job C and Job M. There were no beginning inventories. Data concerning those...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding Customizing 7,000 1,300 $18,200 $4,550 $ 1.50 $ 3.00 Total 8,300 $22,750 During the most recent month, the company started and completed two jobs--Job C and Job...
TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments-Moking and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (Mus) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per M1 Molding Customizing Total 7,099 2 ,400 9,409 $18,289 $ 9,600 $27,889 $ 1.50 $ 3.00 During the most recent month, the company started and completed two jobs-Job C...
Saved Help TB Problem Qu. 2-272 Kluth Corporation has two manufacturing ... Kluth Corporation has two manufacturing departments --Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable nanufacturing overhead cost per MH Molding Customizing Total 14,000 2,900 16,900 $35,000 $8,990 $43,990 $ 2.00 $ 6.00 01:19:03 During the most recent month, the company started and completed two...
Harnett Corporation has two manufacturing departments --Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Estimated total machine-hours (MHS) Estinated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 8,000 $32,800 $ 3.ee Assembly 2,eee $9,400 $ 6.00 Total 10,000 $42,200 During the period, the company started and completed two jobs-Job E and Job M. Data cancerning those two jobs follow: Direct materials Direct labor...
Most questions answered within 3 hours.
-
The rise of online shopping and Amazon, in particular, has
created major dilemmas for large food/CPG...
asked 9 minutes ago -
Assuming that the wave speed varies little when sound waves are
traveling through a material that...
asked 10 minutes ago -
Is oxygen difluoride polar or nonpolar?
nonpolar
polar
ionic
none of the above
asked 21 minutes ago -
Starting from rest, a car accelerates at a constant rate of 2.6
m/s2 for a time...
asked 18 minutes ago -
A pharmaceutical company wants to answer the question whether
time for a drug in pill form...
asked 20 minutes ago -
) Assume that in the market for widgets, demand is highly
elastic compared to supply. If...
asked 31 minutes ago -
Why is a personal interview the most important step in the sales
selection process? What are...
asked 41 minutes ago -
In Python rOverlap (x1, y1, w1, h1, x2, y2, w2, h2) A rectangle
is axis-aligned if...
asked 41 minutes ago -
If we observe in a protein solution that DNA is causing a
mixture 260/280 ratio ~0.9,...
asked 51 minutes ago -
Explain the steps involved in making cDNA from mRNA, and how you
would create a cDNA...
asked 52 minutes ago -
A beta (β) particle is described by which of the following?
Select the correct answer below:...
asked 55 minutes ago -
A new machine costs $150,000, lasts 10 years, has an annual
O&M cost of $50,000, and...
asked 58 minutes ago