Examlex
Fee The first step is to calculate the estimated total overhead costs in the two departments.
Machining
Customizing
The second step is to combine the estimated manufacturing overhead costs in the two departments ($44,400 + $21,200 = $65,600) to calculate the plantwide predetermined overhead rate as follow:
The overhead applied to Job C is calculated as follows:
Overhead applied to a particular job = Predetermined overhead rate x Machine-hours incurred by the job
= $6.56 per MH x (4,100 MHs + 1,600 MHs)
= $6.56 per MH x (5,700 MHs)
= $37,392
Job C's manufacturing cost:
Reference: CH02-Ref24
Prather Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:
Recently, Job P513 was completed with the following characteristics:
-The estimated total manufacturing overhead is closest to:
Mental Step
A cognitive phase in problem-solving where an individual contemplates various solutions or decisions.
Sales Presentation
A sales pitch or meeting where a product or service is demonstrated to potential buyers.
Office Supply
Products and materials regularly used in offices by businesses and other organizations, including stationery, furniture, and electronic equipment.
Creative Problem Solvers
Individuals who use innovative and imaginative approaches to overcome challenges.
Q30: If 4,000 units are sold,the variable cost
Q50: The cost of goods sold for June
Q54: Quality of conformance refers to the extent
Q76: What are the equivalent units for conversion
Q98: Selling and administrative expenses are period costs
Q163: Rocher Corporation has two production departments,Casting and
Q239: When manufacturing overhead is applied to production,it
Q240: Which of the following statements is true
Q254: The amount of overhead applied in the
Q295: Which of the following production costs,if expressed