x] Your answer is incorrect. Try again. Compute the predetermined overhead rate for each department....

90.2K

Verified Solution

Question

Accounting

imageimage

x] Your answer is incorrect. Try again. Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. Overhead rate Department D 57 % Department E 1.09 per direct labor hour Department per machine hour x Your answer is incorrect. Try again. Compute the total manufacturing costs assigned to jobs in January in each department. Manufacturing Costs Department D Department E Department x Your answer is incorrect. Try again. Compute the under-or overapplied overhead for each department at January 31. Manufacturing Overhead Department D Department E Department Pharoah Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department D E K Manufacturing overhead $990,000 $1,750,000 $1,080,000 Direct labor costs $1,237,500 $1,875,000 $675,000 Direct labor hours 150,000 125,000 60,000 Machine hours 600,000 750,000 120,000 During January, the job cost sheets showed the following costs and production data. Department D E K Direct materials used $210,000 $189,000 $117,000 Direct labor costs $180,000 $165,000 $56,250 Manufacturing overhead incurred $148,500 $168,000 $118,500 Direct labor hours 12,000 16,500 5,250 Machine hours 51,000 67,500 10,410

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