Assume a company started and completed numerous jobs during July-one of which was Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Z Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used. Estimated total direct labor hours to be worked Job 2 Direct materials Direct labor Machine-hours Direct labor-hours What is the total job cost for Job Z? Machining $950 $ 500 40 Assembly $1,000 $1,200 60 Machining $ 48,000 $ 1.50 12,000 Assembly $30,000 $ 2.00 10,000
Assume a company started and completed numerous jobs during July-one of which was Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor- hours. The following additional information from the month of July is available for the company as a whole and for Jobs Z Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used. Estimated total direct labor hours to be worked Job 2 Direct materials Direct labor Machine-hours Direct labor-hours What is the total job cost for Job Z? Machining $950 $ 500 40 Assembly $1,000 $1,200 60 Machining $ 48,000 $ 1.50 12,000 Assembly $30,000 $ 2.00 10,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...
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