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

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

50.1K

Verified Solution

Question

Accounting

Romans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Departments predetermined overhead rate is based on machine-hours and the Customizing Departments predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling Customizing Machine-hours 26,000 28,000 Direct labor-hours 13,000 8,000 Total fixed manufacturing overhead cost $ 153,400 $ 30,400 Variable manufacturing overhead per machine-hour $ 1.40 Variable manufacturing overhead per direct labor-hour $ 3.00 During the current month the company

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

Biology
1.2K views

Explain how the major and minor grooves in DNA are involved in binding of enzymes and...

Biology
1.2K views

Hummingbirds overwinter in Mexico and fly to the southern United States in the spring to...

Biology
1.2K views

Which of the following is NOT a domain 1 Protista O2 Archaea 3 Eukarya 4...

Physics
1.2K views

7 44 In the arrangement shown in figure 7 112 a viscous liquid whose density...

Calculus
1.2K views

Simplify the following trigonometric expression and verify that it equals sin D 8pts Show all...

Accounting
1.2K views

Bonita Company compr una computadora por $8,720 el 1 de enero de 2019. Se usa...

Accounting
1.2K views

Discuss the concept of "materiality" and why it would be important to accountants and to...

Accounting
1.2K views

Wang Company currently has 210,000 shares of $1 par common stock outstanding and 2,600 shares...

Accounting
1.2K views

Simpson, age 45 , is a single individual who is employed full time by Duff...

Accounting
1.2K views

In the year 2020, Ummah Bank earned annual profit attributable to Unrestricted Mudharaba account before...

Accounting
1.2K views

Pinto Co has received a special order for 2.200 units of its product at a...

Finance
1.2K views

Teh dividend on a common stock will be $3 in 1 year, $4.25 in 2...