Tuesday, 20 September 2016

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K.

In establishing the predetermined overhead rates for 2017, the following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,200,000
$1,500,000
$900,000
Direct labor costs
$1,500,000
$1,250,000
$450,000
Direct labor hours
100,000
125,000
40,000
Machine hours
400,000
500,000
120,000

During January, the job cost sheets showed the following costs and production data.
Department
D
E
K
Direct materials used
$140,000
$126,000
$78,000
Direct labor costs
$120,000
$110,000
$37,500
Manufacturing overhead incurred
$99,000
$124,000
$79,000
Direct labor hours
8,000
11,000
3,500
Machine hours
34,000
45,000
10,400
https://edugen.wileyplus.com/edugen/art2/common/pixel.gif
Your answer is correct.
Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 12.50.)
Overhead rate
Department D
Entry field with correct answer
 %
Department E
$
Entry field with correct answer
 per direct labor hour
Department K
$
Entry field with correct answer
 per machine hour


https://edugen.wileyplus.com/edugen/art2/common/pixel.gif
Your answer is correct.
Compute the total manufacturing costs assigned to jobs in January in each department. (Round answers to 0 decimal places, e.g. 2,500.)
Manufacturing Costs
Department D
$
Entry field with correct answer
Department E
$
Entry field with correct answer
Department K
$
Entry field with correct answer

https://edugen.wileyplus.com/edugen/art2/common/pixel.gif
Your answer is correct.
Compute the under- or overapplied overhead for each department at January 31. (Round answers to 0 decimal places, e.g. 2,500.)
Manufacturing Overhead
Department D
$
Entry field with correct answer
Entry field with correct answer
Department E
$
Entry field with correct answer
Entry field with correct answer
Department K
$
Entry field with correct answer
Entry field with correct answer


1 comment:

  1. can you show the way how to get the answers

    ReplyDelete