Question

Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on...

Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on machine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost would be applied to Job A? Job B?

Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B:

Estimated Data Machining Assembly Total
Manufacturing overhead $ 9,522,000 $ 529,000 $ 10,051,000
Direct labor hours 23,000 414,000 437,000
Machine hours 414,000 18,000 432,000
Job A Machining Assembly Total
Direct labor hours 5 10 15
Machine hours 11 2 13
Job B Machining Assembly Total
Direct labor hours 4 5 9
Machine hours 12 3 15
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 9,522,000 $ 529,000 $ 10,051,000 Direct labor hours 23,000 414,000 437,000 Machine hours 414,000 18,000 432,000 Job A Machining Assembly Total Direct labor hours 5 10 15...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 500,000 $ 100,000 $ 600,000 Direct labor hours 10,000 50,000 60,000 Machine hours 50,000 5,000 55,000 Job A Machining Assembly Total Direct labor hours 5 10 15...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 18,032,000 $ 784,000 $ 18,816,000 Direct labor hours 28,000 644,000 672,000 Machine hours 644,000 23,000 667,000 Job A Machining Assembly Total Direct labor hours 5 10 15...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead...
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $ 7,056,000 $ 441,000 $ 7,497,000 Direct labor-hours 21,000 336,000 357,000 Machine-hours 336,000 16,000 352,000 Job A Machining Assembly Total Direct labor-hours 5 10 15 Machine-hours 11 2...
Tracey Company of Cincinnati, Ohio has two manufacturing departments—Machining and Assembly. The company considers all of...
Tracey Company of Cincinnati, Ohio has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Machining Assembly Total Manufacturing overhead $500,000 $100,000 $600,000 Direct labor-hours 10,000 50,000 60,000 Machine-hours 50,000 5,000 55,000 Job A Machining Assembly Total Direct labor-hours 5 10 15 Machine-hours 11 2...
The Kristopher Company uses a job-costing system at its plant. The plant has a Machining Department...
The Kristopher Company uses a job-costing system at its plant. The plant has a Machining Department and an Assembly Department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the Machining Department overhead, allocated to jobs based on actual machine-hours, and the Assembly Department overhead, allocated to jobs based on actual direct manufacturing labor cost). The 2019 budget for the plant is: Machining Assembly Manufacturing overhead $1,800,000 $3,600,000 Direct manufacturing...
Departmental Overhead Rate: Home Run Practice Problem Hill Manufacturing uses departmental cost driver rates to apply...
Departmental Overhead Rate: Home Run Practice Problem Hill Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 20X5, the following estimates were provided for the coming year: Machining Assembly Total Direct labor-hours 10,000 dlh 90,000 dlh 100,000 dlh Machine-hours 100,000 mh 5,000 mh 105,000 mh Direct labor...
The Silver Corporation uses a departmental predetermined overhead rate to apply manufacturing overhead to jobs. The...
The Silver Corporation uses a departmental predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in each of three Departments: Fabrication, Machining and Assembly. At the beginning of the year, the Corporation made the following estimates: Manufacturing Overhead $350,000 Fabrication $400,000 Machining $90,000 Assembly $840,000 Total Labor Cost $200,000 Fabrication $100,000 Machining $300,000 Assembly $600,000 Total 1.Calculate the plantwide predetermined overhead rate  . 2.Calculate the fabrication predetermined overhead rate  . 3.Calculate the machining...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two​ departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $35 per machine​ hour, while the Sanding Department uses a departmental overhead rate of $20 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two​ departments: Actual results Assembly Department Sanding Department Direct labor hours used 7 3 Machine hours used 10...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department,...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Department Assembly Department Budgeted manufacturing overhead $ 4,000,000 $ 3,080,000 Actual...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT