70.2K

Verified Solution

Link Copied!

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1.000.000 $1.542.857 100,000 400.000 Department E $1,500,000 $1.250.000 125.000 500.000 K $1,020,000 $450,000 40,000 120,000 During January, the job cost sheets showed the following costs and production data Direct materials used Direct labor costs Manufacturing overhead incurred Direct labor hours Machine hours D $140,000 $120,000 $99,000 8,000 34,000 Department E $126.000 $110.000 $124,000 11,000 45,000 K $78,000 $37.500 $79.000 3,500 9.000 Compute the predetermined overhead rate for each department. (Round onswers to 2 decimal places, eg, 1250 or 12.50%) Overhead rate Department D * Department $ per direct labor hour Department $ per machine hour eTextbook and Media Question Part Score --/0.83 Department $ per machine hour e Textbook and Media Question Part Score --/0.83 Compute the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department $ Department E $ Department $ e Textbook and Media Question Part Score --/0.83 Compute the under or overapplied overhead for each department at January 31 Manufacturing Overhead Department $ Department E 5 Department $ e Textbook and Media Question Part Score --/0.84 Save for later Attempts: 0 of 5 used Submit

Answer & Explanation Solved by verified expert

See Answer