60.1K

Verified Solution

Link Copied!

here is #6

required 1

required 2

required 3

required 4

THANK YOU

Stred Help 5 7:14 points Exercise 2-10 (Algo) Applying Overhead Cost to a Job [LO2-2) Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,600 for direct materials. $9.400 for direct labor, and $7,050 for overhead on its job cost sheet Job W, which is still in process at year end, shows charges of $3,600 for direct materials and $4,300 for direct labor. Required: 10. Should any overhead cost be applied to Job Wat year-end? Book Yes Print No References 1b. How much overhead cost should be applied to Job W? Overhead cost 1b. How much overhead cost should be applied to Job W? Overhead cost 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Raw Materials Work-in-Process Finished Goods Exercise 2-12 (Algo) Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3) Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine-hours required to support estimated production Variable manufacturing overhead cost per machine-hour 159,000 $655,000 $ 4.50 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $370 $230 39 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 Includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 4002 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places) Predetermined overhead rate per MH Variable manufacturing overhead cost per machine-hour $ 4.58 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $370 $230 39 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 Includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the plantwide predetermined overhead rate (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Requirex 2 Required 3 Required 4 Compute the total manufacturing cost assigned to Job 400. (Round your intermediate calculations to 2 decimal places and your final answer to the nearest dollar amount.) Total manufacturing cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required! Required 4 If Job 400 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations and final answer to the nearest whole dollar) Unit product cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations and final answer to the nearest whole dollar.) Selling price per unit Required a Requited

Answer & Explanation Solved by verified expert

See Answer