Homework Answers
| 1) | ||||
| White Company | ||||
| Predermined Overhead Rate | ||||
| Departments | ||||
| Cutting | Finishing | |||
| Total Manufacturing Overhead=(A) | $ 5,79,900.00 | $ 7,88,750.00 | ||
| Budgeted base=(B) | 63300 | 77000 | ||
| Predermined Overhead=(A)/(B) | $ 9.16 | Per MH | $ 10.24 | Per DLH |
| Cutting | Finishing | |||
| (Fixed manufacturing overhead+Variable overhead per machine hour*Machine Hour | (Fixed manufacturing overhead+Variable overhead per Direct Labor hour*Direct Labor Hour | |||
| Total Manufacturing Overhead | ($390000+$3*63300) | ($423000+$4.65*77000) | ||
| 2) | White Company | |||
| Manufacturing cost assigned to Job 203 | ||||
| Cutting | Finishing | Total Manufacturing Cost | ||
| Direct Materials | $ 730.00 | $ 380.00 | $ 1,110.00 | |
| Direct Labor cost | $ 39.00 | $ 150.00 | $ 189.00 | |
| Overhead | $ 742.05 | $ 122.92 | $ 864.97 | |
| Total | $ 1,511.05 | $ 652.92 | $ 2,163.97 | |
| Cutting | Finishing | |||
| Overhead | (Machine Hour*Predermined Overhead rate based on machine hour) | (Direct Labor Hour*Predermined Overhead rate based on Direct Labor hour) | ||
| Overhead | (81*$9.16) | (12*$10.24) | ||
| 3) | Yes | |||
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value 1.75 points White Company has two departments, Cutting and Finishing....
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 8,500 74,000 Machine-hours 59,900 1,400 Total fixed manufacturing overhead cost $ 370,000 $ 401,000 Variable manufacturing overhead per machine-hour $ 3.00...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours al fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,100 67,000 53,500 3,300...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,000 71,000 69,000 2,500...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,300 72,000 66,200 3,900...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 7,800 86,000 Machine-hours 52,200 2,200 Total fixed manufacturing overhead cost $ 370,000 $ 481,000 Variable manufacturing overhead per machine-hour $ 2.00...
White company has two departments, cutting in finishing. The company uses a job-order costing system and...
White company has two departments, cutting in finishing. The
company uses a job-order costing system and computers a
predetermined overhead right in each department the cutting
department bases its rights on machine-hours, and the finishing
department basis it's rates on direct labor-hours. At the beginning
of the year, the company made the following estimates:
Direct labor-hours - $8,800 | $69, 000
Machine-hours 58,800 | 2,300
Total fixed manufacturing overhead cost - $380,000 |
$484,000
Variable manufacturinf overhead per machine-hour -...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 6,600 65,000 Machine-hours 57,300 3,200 Total fixed manufacturing overhead cost $ 390,000 $ 443,000 Variable manufacturing overhead per machine-hour $ 3.00...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 8,400 70,000 Machine-hours 62,200 1,800 Total fixed manufacturing overhead cost $ 390,000 $ 487,000 Variable manufacturing overhead per machine-hour $ 3.00...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 7,600 73,000 Machine-hours 66,500 2,800 Total fixed manufacturing overhead cost $ 400,000 $ 575,000 Variable manufacturing overhead per machine-hour $ 4.00...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours 6,600 78,000 Machine-hours 68,300 2,400 Total fixed manufacturing overhead cost $ 360,000 $ 588,000 Variable manufacturing overhead per machine-hour $ 4.00...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours al fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,100 67,000 53,500 3,300...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,000 71,000 69,000 2,500...
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 8,300 72,000 66,200 3,900...
White company has two departments, cutting in finishing. The
company uses a job-order costing system and computers a
predetermined overhead right in each department the cutting
department bases its rights on machine-hours, and the finishing
department basis it's rates on direct labor-hours. At the beginning
of the year, the company made the following estimates:
Direct labor-hours - $8,800 | $69, 000
Machine-hours 58,800 | 2,300
Total fixed manufacturing overhead cost - $380,000 |
$484,000
Variable manufacturinf overhead per machine-hour -...
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