Mansfield Heating & Cooling installs and services commercial heating and cooling systems. Mansfield uses job...

70.2K

Verified Solution

Question

Accounting

image
image
image
Mansfield Heating & Cooling installs and services commercial heating and cooling systems. Mansfield uses job costing to calculate the cost of its jobs Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Mansfield estimated that its overhead for the coming year would be $67.200. It also anticipated using 4.200 direct labor hours for the year In September, Mansfield started and completed the following twojobs m Click the icon to view the jobs.) Mansfield paid a $30 per hour wage rate to the employees who worked on these Iwojobs Read the requirements 10 Requirement 1. What is Mansfield's predetermined overhead rate based on direct labor hours? Determine the formula to calculate Mansfield's predetermined overhead rate based on direct labor hours, then calculate the rate - Predetermined overhead rate O numH Bwin Bu wepo. Wanato a piciou uit omwilly Wu JOUS. b costing to calculate the cost of its jobs. Overhead is d on the number of direct labor hours spent on that job. Tent year, Mansfie 200. It also antici Data table Click the icon to view the jobs.) rate to the employees who worked on these - X X Mansfield's predete Job 101 Job 102 rate. o calculate Mansfield Direct materials used Direct labor hours used 15,000 $ 170 10,000 74 1. Print Done Heating & Cooling installs and services commercial heating and cooling Mansfield uses job costing to calculate the cost of its jobs Overhead is to each job based on the pa eginning of the current year year would be $67,200. It a year. Requirements In September, Mansfield started and completed the following two jobs: (Click the icon to view the jobs.) x employees who worked on these rement 1. What is Mansfield mine the formula to calculate 1. What is Mansfield's predetermined overhead rate based on direct labor hours? 2. Calculate the overhead to be allocated to each of the two jobs based on direct labor hours. 3. What is the total cost of Job 101? What is the total cost of Job 1027 Print Done Clear all Check answer Help me solve this Video Get more help

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