Exam 2 Practice ProblemsQuestion 1 MachiningFinishingOverhead$250,000$300,000DLhrs.40,00060,000Machine hrs.10,00015,000Plantwide:Miami Manufacturing uses DL hoursDepartmental:Machining uses machine hoursFinishing uses DL hoursMachningFinishingOverhead$100,000$65,000DL hrs.20,00017,000Machine hrs.25006000Questions: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 102Job 103Job 104Job 105Beginning Balance$10,300$6,200$0$0Direct Materials Cost$3,500$6,000$1,600$1,500Direct Labor Cost$1,600$2,400$350$200Completed in Month?YesYesNoNoOverhead based on DL hours and are $10 per DL hour.DL wages are $8 per hourJobs 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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