Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly 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: Forming 19,000 4,000 $129,200 $ 1.60 Assembly 15,000 8,000 $77,600 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- hour $ 3.00 During the current month the company started and finished Job T288. The following data were recorded for this job: 10 Job T288: Machine-hours Direct labor-hours Direct materials Direct labor cost Forming Assembly 80 40 $ 730 $ 380 $ 900 $1,200 30 The predetermined overhead rate for the Assembly Department is closest to: Multiple Choice $3.00 per direct labor-hour $12.70 per direct labor-hour $5.35 per direct labor-hour $9.70 per direct labor-hour Tiff Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly 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: Casting 17,000 1,000 $129,200 $ 1.80 Assembly 10,000 5,000 $46,500 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct labor-hour $ 3.80 During the current month the company started and finished Job P131. The following data were recorded for this job: Assembly Job P131: Machine-hours Direct labor-hours Casting Casting 90 20 20 60 The amount of overhead applied in the Assembly Department to Job P131 is closest to: (Round your intermediate calculations to 2 decimal places.) $786.00 $558.00 $65,500.00 $228.00
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!