Question

ch 2 quz 을 https:// 2 quiz 7 Beat Corporation uses a job-order costing system.. with a single plantwide predetermined overhead rate based on machine-hours. The company based its predètermined overheed rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 3.90 40,000 $344,000 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead ap intermediate calculations to 2 decimal places.) $750 < Prev 7of 10 İİİ Next >
10 7
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Variable overhead for Job no M759

= no. of  machine hours for job no M759 X Variable manufacturing overhead per machine hour

= 60 machine hours X 3.90 = $ 234

Fixed overhead for Job M759

= (Fixed manufacturing overhead cost / total machine hours ) * No of machine hours for job M759

= (344,000 / 40000) * 60 = $ 516

The amount of  overhead applied to Job no M759 = Variable overhead + Fixed overhead

= $ 234 + $ 516

The amount of  overhead applied to Job no M759 = $ 750

Add a comment
Know the answer?
Add Answer to:
ch 2 quz 을 https:// 2 quiz 7 Beat Corporation uses a job-order costing system.. with...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 40,000 $344,000 $ 3.90 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to (Round your intermediate calculations to 2 decimal places.) Multiple Choice $516 $984...

  • Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 40,000 Total fixed manufacturing overhead cost $ 344,000 Variable manufacturing overhead per machine-hour $ 3.90 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.) Garrison 16e Rechecks...

  • Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hour 80,000 $312,000 $ 2.10 Recently, Job T629 was completed with the following characteristics: Number of units in the job Total machine-hours 50 200 The predetermined overhead rate is closest to: Multiple Choice o $8.10...

  • d) 67% and $5.00 6. Sutter Corporation uses a job-order costing system with a single plantwide...

    d) 67% and $5.00 6. Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined Overhead rate for the current year on the following data Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour $ $ 10,000 35,000 2.20 Recently, Job T369 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost $ $ 750...

  • Chapter 2 Quiz Saved 8 Moody Corporation uses a job-order costing system with a plantwide predetermined...

    Chapter 2 Quiz Saved 8 Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: 3 points Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 157,000 $653,000 ş 5.00 Skipped eBook Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available...

  • Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 31,000 $310,000 $ 4.00 Recently, Job T587 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 30 $ 730 $1,460 The total job cost...

  • Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $465.000, variable manufacturing overhead of $2.10 per machine hour, and 75.000 machine hours. The company has provided the following data concerning Job X455 which was recently completed: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 80 $ 750 $1,500...

  • TB MC Qu. 2-132 Lupo Corporation uses a job-order costing ... Lupo Corporation uses a job-order...

    TB MC Qu. 2-132 Lupo Corporation uses a job-order costing ... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 32,000 $352,000 $ 3.00 Recently, Job T687 was completed with the following characteristics: Z Number of units in the 10 job O A Total...

  • TB MC Qu. 2-133 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order costing...

    TB MC Qu. 2-133 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: 30,400 $425,600 $ 5 10 Number of units in the job Total machine-hours Direct materials Direct labor...

  • Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

    Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,700, variable manufacturing overhead of $2.70 per machine-hour, and 63,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed Number of units in the job Total machine-hours Direct materials Direct labor cost 20 80 $ 750 $1,500 If the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT