Dotsero Technology,Inc

question 112

Essay

Dotsero Technology,Inc.,has a job-order costing system.The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs.The predetermined overhead rate in Department A is based on machine-hours,and the rate in Department B is based on direct materials cost.At the beginning of the most recent year,the company's management made the following estimates for the year:
Job 243 entered into production an April 1 and was completed on May 12.The company's cost records show the following information about the job:
At the end of the year,the records of Dotsero showed the following actual cost and operating data for all jobs worked on during the year:
Required:
a.Compute the predetermined overhead rates for Department A and Department B.
b.Compute the total overhead cost applied to Job 243.
c.Compute the amount of underapplied or overapplied overhead in each department at the end of the current year.

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Definitions:

Cognitive Revolution

The Cognitive Revolution refers to a paradigm shift in psychology during the late 1950s and early 1960s that emphasized the study of internal mental processes, such as thinking, decision making, language, and problem solving.

Computer

An electronic device designed to perform computations, process data, and execute programs.

Limited Capacity Processors

A concept in cognitive psychology that suggests human beings have a finite amount of cognitive resources for processing information, leading to limitations in attention and memory.

Neurons

The basic working units of the brain, specialized cells designed to transmit information to other nerve cells, muscle, or gland cells.