#13 Kubes Corporation uses a job-order costing system with a single plantwide pr
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Question
#13
Kubes 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 total fixed manufacturing overhead cost of $90,000, variable manufacturing overhead of $3.50 per direct labor-hour, and 30,000 direct labor-hours.The company has provided the following data concerning Job A477 which was recently completed:
The total job cost for Job A477 is closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28, 2017-08-01, 2018-06-22
$3,970
$3,320
$3,450
$1,170
#12
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 total job cost for Job P513 is closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28
$1,210
$690
$1,400
$900
#20
Stoke Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department’s predetermined overhead rate is based on machine-hours and the Assembly 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 A460. The following data were recorded for this job:
The amount of overhead applied in the Forming Department to Job A460 is closest to: (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28
$736.00
$184.00
$184,000.00
$664.00
Total direct labor-hours 100 Direct materials $ 520 Direct labor cost $ 2,800Explanation / Answer
13) predetermined overhead rate Fixed manufacturing overhead (90,000/30,000)= 3 Variable manufacturing overhead 3.5 Predetermined overhead rate 6.5 Total cost of job A477 $ Direct materials 520 Direct labor cost 2,800 Overhead applied (6.5*100) 650 Total cost of job 3970 Answer $3,970 14) predetermined overhead rate Fixed manufacturing overhead (285000/50,000)= 5.7 Variable manufacturing overhead 3.8 Predetermined overhead rate 9.5 Total cost of job A477 $ Direct materials 710 Direct labor cost 500 Overhead applied (20*9.5) 190 Total cost of job 1400 Answer $1,400 15) Forming Department -overhead rate Fixed manufacturing overhead (138000/20,000)= 6.9 Variable manufacturing overhead 2.3 Predetermined overhead rate 9.2 per machine hour Assembly Department-overhead rate Fixed manufacturing overhead (58100/7000)= 8.3 Variable manufacturing overhead 3 Predetermined overhead rate 11.3 per direct labor hour The amount of overhead applied in the Forming Department Machine hours (9.2*80)= 736 Answer -$736
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