a) Manufacturing overhead rate for division Xen = 328000*100/283000 = 115.90% of direct labour cost
b) Manufacturing overhead rate for division yen = 285000/51400 = 5.54 per machine hour
c) Total manufacturing cost allocated to job FIN-E = (21500*115.90%+6300*5.54) = 59820.50 or 59821
d) Unit cost = (21100+26300+21500+24400+59821)/1065 = 143.78 per unit
Question 2 Total 8 Marks You are a management internee at the Gadgets Company. The company...
Question 2 (Job costing, accounting for manufacturing overhead rates) 25 Marks) The Matthew Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job- costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The...
Question 2(lob casting accounting for Marks) anufacturing overhead) 125 The Matthew Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job- costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2017...
JJ The Fasano Company uses a job-costing system at its over Delaware plant The plant has a machining department and a finishing department Fanano se nommal costing with two direct-cost categories direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the location base) The 2017 budget for the plants as follows Click the icon to view the 2017...
1) Duke Snyder Company has two departments, X and Y. Overhead is applied based on direct labor cost in Department X and machine-hours in Department Y. The following additional information is available: Budgeted Amounts Direct labor cost Factory overhead Machine-hours Department X $180,000 $225,000 51,000 mh Department Y $165,000 $180,000 40,000 mh Actual data for Job #10 Direct materials requisitioned Direct labor cost Machine-hours Department X $10,000 $11,000 5,000 mh Department Y $16.000 $14,000 3.000 mh Required: a. Compute the...
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor- hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 140, 000 70, 000 $784,000 2$ 2$ 2.00 4.00 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials...
2. Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: А B с 1 Chapter 2: Applying Excel Cost summary for Job 408 2 3 4 5 Machine-hours Direct labor hours Direct materials cost Direct labor cost Department Milling Assembly 70 2 5 40 880$ 440 95 $ 640...
Overhead cost looks to be $25 per machine hour based on March's details XLS 4-27 Job order costing (LO 5) E. Cain, Ltd. produces decorative lamps in sev styles and finishes. The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, E. Cain, Ltd. has selected machine hours as its overhead application base. In April, E. Cain, Ltd. worked on four jobs. Jobs 78 and 79 were started in March...
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 70, 000 35,000 $210,000 2$ 1.40 2.80 During the year, Job 550 was started and completed. The following information is available with respect to this job: $ 215 $ 231 Direct...
1. In picture** 2.total manufscting cost 2 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: 10 points 6,400 Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead...
please help with question 3 & 4 3) A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following independent allocation bases? (10 points) A Budgeted direct labor hours: 90,615 B. Budgeted direct labor expense: $750,000 c. Estimated machine hours: 150,000 4) K company production was working on Job 1 and Job 2 during the month. Of the $780 in direct materials, $350 in materials was requested...