View the step-by-step solution to:

Question

 Department MoldingPaintingDirect labor-hours 32,500  52,200 Machine-hours 87,000  39,000 Fixed

manufacturing overhead cost$217,500 $475,020 Variable manufacturing overhead per machine-hour$3.00  - Variable manufacturing overhead per direct labor-hour - $5.00 

 

Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job:

 

 Department MoldingPaintingDirect labor-hours 76  129 Machine-hours 320  72 Direct materials$940 $1,260 Direct labor cost$740 $990 

 

Required:

1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department.

2. Compute the total overhead cost applied to Job 205.

3-a. What would be the total manufacturing cost recorded for Job 205?

3-b. If the job contained 37 units, what would be the unit product cost?

Top Answer

Here's the explanation you needed for... View the full answer

Job705.PNG

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question