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 $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to:
Assume a company had no jobs in progress at the beginning of
July and no beginning inventories. It started and completed only
two jobs during July—Job Y and Job Z. The company uses a plantwide
predetermined overhead rate based on direct labor-hours. The
following additional information from the month of July is
available for the company as a whole and for Jobs Y and
|Estimated total fixed manufacturing overhead||$||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 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:
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
Total overhead rate allocated to Job=$1,289-500-360
.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 direct labor-hours were worked on this job
we can answer one question per post. please upload other questions separately.
Please upvote if you find this helpful.In case of query please comment.
Get Answers For Free
Most questions answered within 1 hours.