Question

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 31,800
Total fixed manufacturing overhead cost $ 159,000
Variable manufacturing overhead per machine-hour $ 2

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 30
Direct materials $ 660
Direct labor cost $ 1,320

The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$87.00

$198.00

$219.00

$73.00

Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 40,000
Total fixed manufacturing overhead cost $ 344,000
Variable manufacturing overhead per machine-hour $ 3.90

Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$984

$234

$516

$750

Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

Casting Assembly Total
Estimated total machine-hours (MHs) 8,000 2,000 10,000
Estimated total fixed manufacturing overhead cost $ 44,000 $ 4,200 $ 48,200
Estimated variable manufacturing overhead cost per MH $ 1.90 $ 3.00

During the most recent month, the company started and completed two jobs--Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow:

Job A Job H
Casting machine-hours 5,400 2,600
Assembly machine-hours 800 1,200

Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job H is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

$18,044

$8,328

$26,372

$18,316

Homework Answers

Answer #1
Q1. Answer is $ 219
Explanation
Pre-determined OH rate:
Fixed Manufacturing OH rate (159000/31800): 5
variable Manufacturing OH rate 2
Pre-determined OH rate: 7
Unit Product cost:
Direct material 660
Direct labour 1320
OH (30 MH @7) 210
Total cost 2190
Units 10
Unit Product cost: 219
Q2.
Answer is $ 750
Explanation
Pre-determined OH rate:
Fixed Manufacturing OH rate (344000/40000): 8.6
variable Manufacturing OH rate 3.9
Pre-determined OH rate: 12.5
OH applied (60 MH @12.50): 750
Q3.
Answer is $26372
Explanation:
Pre-determined OH rate for Plant
Fixed Manufacturing OH rate (48200/10000): 4.82
variable Manufacturing OH rate (8000*1.90+2000*3.00)/10000 2.12
Pre-determined OH rate: 6.94
Pre-determined OH rate for Assembly
Fixed Manufacturing OH rate (4200/ 2000): 2.1
variable Manufacturing OH rate 3
Pre-determined OH rate: 5.1
manufacturing OH in Job H:
Total machine hours (2600+1200) 3800
OH rate 6.94
OH applied to Job H 26372
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