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Exam 2 - Question1 Machining Overhead $250,000 DLhrs 40,000...

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Exam 2 Practice Problems Question 1  Machining Finishing Overhead $250,000 $300,000 DLhrs. 40,000 60,000 Machine hrs. 10,000 15,000 Plantwide: Miami Manufacturing uses DL hours Departmental: Machining uses machine hours Finishing uses DL hours Machning Finishing Overhead $100,000 $65,000 DL hrs. 20,000 17,000 Machine hrs. 2500 6000 Questions: 1. Compute the Plantwide OH Rate and apply it to the actual amounts. 2. Compute the Departmental OH Rates and apply them to the actual amounts. Question 2  Job 102 Job 103 Job 104 Job 105 Beginning Balance $10,300 $6,200 $0 $0 Direct Materials Cost $3,500 $6,000 $1,600 $1,500 Direct Labor Cost $1,600 $2,400 $350 $200 Completed in Month? Yes Yes No No Overhead based on DL hours and are $10 per DL hour. DL wages are $8 per hour Jobs 102 and 103 were completed; 104 and 105 were started. Questions: 1. Compute the number of DL hours worked for each job. 2. Compute overhead per job. 3. Compute Work in Process for the end of the month.
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