Dancel Corporation Has Two Production Departments, Milling and Finishing

question 73

Essay

Dancel Corporation has two production departments, Milling and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
During the current month the company started and finished Job M565. The following data were recorded for this job:
Required:
a. Calculate the total amount of overhead applied to Job M565 in both departments.
b. Calculate the total job cost for Job M565.
c. Calculate the selling price for Job M565 if the company marks up its unit product costs by 20% to determine selling prices.

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Definitions:

Regulator Movements

A series of rebellions during the late 18th century in the American colonies, aimed at protesting colonial policies and corruption among colonial officials.

North Carolina

A state located in the southeastern region of the United States, known for its diverse landscapes and historic significance.

South Carolina

A state in the southeastern United States known for its role in both the American Revolution and Civil War, its rich cultural heritage, and significant historical landmarks.

Thomas Paine

An influential Enlightenment thinker and author of revolutionary texts such as "Common Sense" and "The American Crisis" that advocated for American independence.