For 2018 franklin manufacturing uses machine hours as

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Chapter 13 / Exercise 6
Camm/Cochran
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6) For 2018, Franklin Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are \$300,000 and estimated machine hours are 50,000. The actual manufacturing overhead costs are \$420,000 and actual machine hours are 60,000.Using job costing, the 2018 budgeted manufacturing overhead rate is ________. (Round the final answer to the nearest cent.)A) \$8.40 per machine-hour B) \$5.00 per machine-hour C) \$7.00 per machine-hour D) \$6.00 per machine-hour Answer: Explanation: \$300,000 / 50,000 mh = \$6.00 per machine-hour
D
Diff: 2Objective: 5AACSB: Application of knowledge7) For 2018, Franklin Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are \$340,000 and estimated machine hours are 40,000. The actual manufacturing overhead costs are \$450,000 and actual machine hours are 50,000. What is the difference between the budgeted and the actual manufacturing overhead using job costing? (Round interim and the final answer to the nearest cent.)
C
Diff: 2Objective: 5AACSB: Application of knowledge
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Chapter 13 / Exercise 6
Camm/Cochran
Expert Verified
8) Sky High Company has two departments, X and Y. The following estimates are for the coming year:XYDirect manufacturing labor-hours20,00030,000Machine-hours30,00020,000Manufacturing overhead\$300,000\$330,000A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is ________.
B
Diff: 2Objective: 5AACSB: Application of knowledge9) Sky High Company has two departments, X and Y. The following estimates are for the coming year:XYDirect manufacturing labor-hours20,00030,000Machine-hours30,00020,000Manufacturing overhead\$300,000\$330,000The budgeted indirect-cost driver rate for Y based on the number of machine-hours is in excess of X by ________. (Round interim and the final answer to the nearest cent.)
A
Diff: 2Objective: 5AACSB: Application of knowledge
10) Manton Manufacturing applies manufacturing overhead costs to products at a budgeted indirect-cost rate of \$60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy Bear product. Estimates for this order include:Direct materials of \$79,000; 680 direct manufacturing labor-hours at \$25 per hour; and a 25% markup rate on total manufacturing costs. Manufacturing overhead cost estimates for this special-order total ________.A) \$60,550B) \$57,800C) \$40,800 D) \$59,250Answer: Explanation: \$60 × 680 dlh = \$40,800
C
Diff: 2Objective: 5AACSB: Application of knowledge