The following Information relates to a company that has two manufacturing departments. The company used the following data at the beginning of the period to calculate predetermined overhead rates:...


The following Information relates to a company that has two manufacturing departments. The company used the following data at the<br>beginning of the period to calculate predetermined overhead rates:<br>Dept. X<br>4,000<br>$22,000<br>$ 3.00<br>Dept. Y<br>6,000<br>$20,400<br>$ 6.00<br>Total<br>Estimated total machine-hours (MHS)<br>Estimated total fixed manufacturing overhead cost<br>Estimated variable manufacturing overhead cost per MH<br>10,eee<br>$42,400<br>During the perlod, the company started and completed two Jobs--Job A and Job B. Data concerning those two Jobs follow:<br>Job A<br>Job B<br>Direct materials<br>$22,500 $8,400<br>$22,700 $8,000<br>2,500<br>1,250<br>Direct labor cost<br>Molding machine-hours<br>Assembly machine-hours<br>1,500<br>4,750<br>Requlred:<br>1. Assume the company uses a plantwide predetermined manufacturing overhead rate based on machine hours.<br>a. Calculate the overhead rate. (Round your answer to 2 decimal places.)<br>b. Calculate the amount of manufacturing overhead applied to Job A. (Do not round Intermedlate calculatlons.)<br>c. Calculate the total manufacturing cost assigned to Job A. (Do not round Intermedlate calculatlons.)<br>d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do<br>not round Intermedlate calculations.)<br>2. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both<br>departments.<br>a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places.)<br>b. Calculate the departmental predetermined overhead rate for Dept. Y. (Round your answer to 2 decimal places.)<br>c. Calculate the total manufacturing overhead applied to Job A. (Do not round Intermedlate calculatlons.)<br>d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do<br>not round Intermedlate calculations.)<br>1a. Plantwide predetemined overhead rate<br>1b. Manufacturing overhead applied to Job A<br>1c. Total manufacturing cost of Job A<br>1d. Selling price of Job A<br>2a. Dept. X predetermined overhead rate<br>2b. Dept. Y predetermined overhead rate<br>2c. Manufacturing overhead applied to Job A<br>2d. Selling price of Job A<br>per MH<br>per MH<br>per MH<br>

Extracted text: The following Information relates to a company that has two manufacturing departments. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Dept. X 4,000 $22,000 $ 3.00 Dept. Y 6,000 $20,400 $ 6.00 Total Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 10,eee $42,400 During the perlod, the company started and completed two Jobs--Job A and Job B. Data concerning those two Jobs follow: Job A Job B Direct materials $22,500 $8,400 $22,700 $8,000 2,500 1,250 Direct labor cost Molding machine-hours Assembly machine-hours 1,500 4,750 Requlred: 1. Assume the company uses a plantwide predetermined manufacturing overhead rate based on machine hours. a. Calculate the overhead rate. (Round your answer to 2 decimal places.) b. Calculate the amount of manufacturing overhead applied to Job A. (Do not round Intermedlate calculatlons.) c. Calculate the total manufacturing cost assigned to Job A. (Do not round Intermedlate calculatlons.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do not round Intermedlate calculations.) 2. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. a. Calculate the predetermined overhead rate for the Dept. X. (Round your answer to 2 decimal places.) b. Calculate the departmental predetermined overhead rate for Dept. Y. (Round your answer to 2 decimal places.) c. Calculate the total manufacturing overhead applied to Job A. (Do not round Intermedlate calculatlons.) d. The company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job A. (Do not round Intermedlate calculations.) 1a. Plantwide predetemined overhead rate 1b. Manufacturing overhead applied to Job A 1c. Total manufacturing cost of Job A 1d. Selling price of Job A 2a. Dept. X predetermined overhead rate 2b. Dept. Y predetermined overhead rate 2c. Manufacturing overhead applied to Job A 2d. Selling price of Job A per MH per MH per MH
Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here