Solved

Crabtree Ornaments Company Uses Job Costing Actual Data for Completed Job No

question 56

Multiple Choice

Crabtree Ornaments Company uses job costing.Crabtree Ornaments Company has two departments,Trimming and Finishing.Manufacturing overhead is allocated based on direct labor cost in the Trimming Department and direct labor hours in the Finishing Department.The following additional information is available: $\begin{array}{|c|c|c|}\hline \text { Estimated amounts } & \text { Trimming Dept } & \text { Finishing Dept } \\\hline \text { Direct labor cost } &\$ 240,000 &\$ 425,000 \\\hline \text { Direct labor hours } &\$ 25,000 & \$40,000 \\\hline \text { Manufacturing overhead costs } & \$360,000 &\$ 280,000 \\\hline\end{array}$ Actual data for completed Job No.650 is as follows:
$\begin{array} { | l | c | c | } \hline \text { Actual amounts } & { \text { Trimming Dept } } &{ \text { Finishing Dept } } \\\hline \text { Direct materials requisitioned } & \$ 24,300 & \$ 9,500 \\\hline \text { Direct labor cost } & \$ 36,100 & \$ 38,500 \\\hline \text { Direct labor hours } & { 4,400 } & 4,000 \\\hline\end{array}$
- What is the predetermined manufacturing overhead rate for the Finishing Department?

Definitions:

Calcium

A chemical element vital for human life, involved in various biological roles including bone formation, blood clotting, and muscle function.

Vitamin D

A fat-soluble vitamin that is vital for maintaining healthy bones and teeth, supporting the immune system, and regulating insulin levels.

Metabolic Syndrome

A cluster of conditions including increased blood pressure, high blood sugar, excess body fat around the waist, and abnormal cholesterol levels, that occur together, increasing your risk of heart disease, stroke, and diabetes.

High-Density Lipoprotein

Often referred to as "good" cholesterol; a type of lipoprotein that helps remove other forms of cholesterol from the bloodstream.