Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. madole corporation has two production departments,

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

90.2K

Verified Solution

Question

Accounting

Madole Corporation has two production departments, Forming and Customizing. 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 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:FormingCustomizingMachine-hours1900012000Direct labor-hours40008000Total fixed manufacturing overhead cost11970067200Variable manufacturing overhead per machine-hour2Variable manufacturing overhead per direct labor-hour4.2During the current month the company started and finished Job K973. The following data were recorded for this job:Job K973:FormingCustomizingMachine-hours5020Direct labor-hours2050a. Calculate the estimated total manufacturing overhead for the Forming Department.b. Calculate the predetermined overhead rate for the Customizing Department.c. Calculate the total overhead applied to Job K973 in both departments.
image

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!
Become a Member

Other questions asked by students

Geometry
1.2K views

In the figure shown what is the value of x B X 13x12 A C...

Finance
1.2K views

The lake near Grassy Narrows is contaminated with mercury from an old paper mill, which has been...

Mechanical Engineering
1.2K views

air is compressed in an adiabatic and isentropic compressor from 14 psia and 60F to 210...

Electrical Engineering
1.2K views

what are the components of the reactive power compensation with description and figures?

Advance Math
1.2K views

You have just started a new job that offers a retirement savings account. You have two...

Physics
1.2K views

uniform tube If speed of liquid at end 1 is 20 m s then speed...

Basic Math
1.2K views

Farmers wishing to avoid the use of purchased seeds are increasingly concerned about inadvertently growing...

Basic Math
1.2K views

The number of bald eagles in a state during the winters from 1996 to 2002...

Statistics
1.2K views

Probability of Compound Events Independent Events Dependent Events P A and B P A P...

Algebra
1.2K views

Determine the equation of a rational function with vertical asymptote a hole and a...

Accounting
1.2K views

Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage ...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below] Clopack Company manufactures one...