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Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing...

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Accounting

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Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates achining Customizing 15,000 2000 $ 108,000 $ 70,500 24,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 1000 1.50 3.00 During the current month the company started and finished Job K369. The following data were recorded for this job Job K369 Machine-hours Direct labor-hours Machining Customizing 60 30 40 60 Required Calculate the following Predetermined OH rate for Machining (round to 2 decimal places) Predetermined OH rate for Customizing (round to 2 decimal places) Total Amount of OH applied to job K369 through both departments (do not include commas)

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