P Jhené Aiko Radio-Naw P #x y d WileyPLUS ? Not Secure | edugen.wileyplus.com/ed

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P Jhené Aiko Radio-Naw P #x y d WileyPLUS ? Not Secure | edugen.wileyplus.com/edugen/ti/main.uni Return to Blackboard gandt, Accounting Principles, 12e PRINTER VERSION BACH Problem 20-4A Chapter 20 Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is appied to jobs on the basis af direct labor cost in Department D, direct labor hours in Department E and machine hours in Department K Problem 20-2A In establishing the predetermined overhead rates for 2017, the following estimates were made for the year Review Results by Study Manufacturing overhead Direct labor costs Direct labor hours Machine hours S1,200,000 ,625,000 $720,000 S1,500,000 ,250,000 450,000 40,000 500,000 120,000 100,000 400,000 125,000 During January, the job cost sheets showed the following costs and production data. Direct materials used Direct labor costs Manufacturing overhead Incurred Direct labor hours Machine hours $140,000 $126,000 $78,000 $120,000 $110,000 $37,500 99,000 $124,000 $79,000 8,000 11,00 3,500 34,000 45,000 10,400 Compute the predetermined overhead rate for eech depertment. (Round answers to 2 decimal places, e.g. 10.25.) Overhcad ratc per direct labor hour per machine hour Compute the total manufacturing costs assigned to jobs in January in each department. (Round answers to 0 decimal places, e.g. 2,500.) Manufacturing Costs

Explanation / Answer

Overhead rate Department D 80% =1200000/1500000 Department E 13 =1625000/125000 Department K 6 =720000/120000 Manufacturing costs Department D 356000 =140000+120000+(120000*80%) Department E 379000 =126000+110000+(11000*13) Department K 177900 =78000+37500+(10400*6) Manufacturing overhead Department D 3000 Underapplied =99000-(120000*80%) Department E 19000 Overapplied =124000-(11000*13) Department K 16600 Underapplied =79000-(10400*6)

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