The predetermined overhead rate for the customizing department is closest to

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1 Answer to Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing... The predetermined overhead rate for the Casting Department is closest to: Reference: CH02-Ref45 Marciante Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. Sep 23, 2020 · Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate $ per direct labor hour Testing department overhead rate $ per machine hour 2. Calculate the overhead applied to production in each department for the month of March. Collini Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. Mickley Company’s predetermined overhead rate is $ 14.00 per direct labor-hour and its direct labor wage rate is $ 12.00 per hour. The following information pertains to Job A-500: Estimated total manufacturing overhead cost $ 384,800 The predetermined overhead rate is computed as follows: Estimated total manufacturing overhead (a) $ 384,800 Estimated total direct labor-hours (b) 33,000 MHs Predetermined overhead rate (a) ÷ (b) $ 11.66 per MH b. Total manufacturing costs assigned to Jobs D-70 and C-200: D-70 C-200 Solution for Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead… The amount of overhead applied in the Customizing Department to Job T138 is closest to: $1,360.00 In a job-order costing system, indirect labor cost is usually recorded as a debit to: Customizing 80 30 720 900 30 50 380 1,500 If the company marks up its manufacturing costs by 40% then the selling price for Job T268 would be closest to: A) $1,932.40 B) $6,763.40 C) $4,831.00 D ... The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. Predetermined overhead rate = $8,000 / 1,000 hours. = $8.00 per direct labor hour. Notice that the formula of predetermined overhead rate is entirely based on estimates. The overhead applied to products or job orders would, therefore, be different from the actual overhead incurred by jobs or products. 1 Answer to the answer for D is 133,400 (not listed in picture) Elsentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The predetermined overhead rate is $13 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places.) At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- hour Forming 19,000 4,000 100,700 $ 2.00 Customizing 15,000 6,000 $63,000 s 3.90 The predetermined overhead rate for the Customizing Department is closest to: Multiple Cholce $4.55 per dlrect labor-hour $3.90 per direct labor-hour $10.50 ... Mar 21, 2015 · The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predetermined overhead rate of $6.00 per direct labor-hour. During May, the company purchased $60,000 in raw materials (all direct materials) and worked 3,200 direct labor-hours. The predetermined overhead rate for the Casting Department is closest to: Reference: CH02-Ref45 Marciante Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate. If, in the example, total overhead amounts to $120,000 a year, the overhead rate will be $120,000 divided by 30,000 hours, or $4 per hour. As each unit requires three hours of labor, the indirect cost of each unit is $4 x 3, or $12. Jan 26, 2012 · White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor cost. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct ... 1 Answer to Eisentrout Corporation has two production departments, Machining and Customizing. The company uses ajob-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing... First, we need to calculate the predetermined overhead rate for each department: Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base Machinning= (102,000/17,000) + 1.7= $7.2 per machine-hour Customizing= (61,200/6,000) + 4.1= $14.3 per direct labor hour Jan 26, 2012 · White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor cost. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct ... The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate. If, in the example, total overhead amounts to $120,000 a year, the overhead rate will be $120,000 divided by 30,000 hours, or $4 per hour. As each unit requires three hours of labor, the indirect cost of each unit is $4 x 3, or $12. See full list on wallstreetmojo.com Question: Janicki Corporation has two manufacturing departments-Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Required: Assign overhead costs to activity cost pools using activity-based costing. Q9. Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. Customizing Department predetermined overhead rate: Estimated fixed manufacturing overhead $ 9,200 Estimated variable manufacturing overhead ($2.60 per MH × 4,000 MHs) 10,400 Estimated total manufacturing overhead cost (a) $ 19,600 Estimated total machine-hours (b) 4,000 MHs Departmental predetermined overhead rate (a) ÷ (b) $ 4.90 per MH Wert Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor-hours. The company's direct labor wage rate is $12 per hour. Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The predetermined overhead rate can be obtained by calculating the total cost (variable cost + fixed cost) then dividing it to the amount of work hours. This is calculated based on the estimated machine hours. Total cost = $7.03 * 62,000 + $1,486,140 Total cost = $1,922,000 The predetermined overhead rate is therefore: Predetermined overhead …