Question

5. Assume (1) a company’s plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job incurred direct materials and direct labor charges of $500 and $360, respectively. If Job X’s total job cost is $1,289, how many direct labor-hours were worked on this job?

6. Assume (1) actual machine-hours worked during the period of 54,000 hours, (2) estimated machine-hours to be worked during the period of 55,600 hours, (3) manufacturing overhead applied to production during the period of $432,000, and (4) estimated fixed manufacturing overhead of $330,000 per period. The estimated total manufacturing overhead cost for the period is closest to:

7. At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour.

Assume that Job X used $200 in direct materials, $288 of direct labor, and 80 direct labor-hours. What is the total job cost for Job X?

8. Assume (1) estimated fixed manufacturing overhead for the coming period of $205,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, (3) actual manufacturing overhead for the period of $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to:

9.

Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July—Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z:

Estimated total fixed manufacturing overhead	$	13,000
Estimated variable manufacturing overhead per direct labor-hour	$	1.00
Estimated total direct labor hours to be worked		2,000
Total actual manufacturing overhead costs incurred	$	12,800

	Job Y			Job Z
Direct materials	$	13,000		$	7,200
Direct labor cost	$	21,000		$	7,500
Actual direct labor hours worked		1,400			500

Assuming Job Z contains 200 units and that the company applies a markup of 65% when establishing its selling prices, the price per unit that it would choose for Job Z is closest to:

Answer 1

5.Actual overhead rate = Actual Direct labor hour*Pre determined OH Rate

we will find Total overhead rate allocated to Job

Total job cost = Direct material cost+direct labor cost+Overhead rate

$1,289=$500+$360+Overhead rate

Total overhead rate allocated to Job=$1,289-500-360

=$429

.Actual overhead rate allocated= Actual Direct labor hour*Pre determined OH Rate

pre determined OH rate = $13

$429=Actual Direct labor hour *$13

Actual Direct labor hours = $429/13

=33

33 direct labor-hours were worked on this job

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