POHR, Managerial Accounting

#questioExercise 3-12 Computing Predetermined Overhead Rates and Job Costs [LO1, LO2, LO3, LO7]
Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:


Machine-hours required to support estimated production 150,000
Fixed manufacturing overhead cost $ 750,000
Variable manufacturing overhead cost per machine-hour $ 4.00

Required:
1.
Compute the predetermined overhead rate. (Omit the "$" sign in your response.)

Predetermined overhead rate $ per MH

2.
During the year Job 500 was started and completed. The following information was available with respect to this job:


Direct materials requisitioned $ 350
Direct labor cost $ 230
Machine-hours used 30


Compute the total manufacturing cost assigned to Job 500. (Omit the "$" sign in your response.)

Total manufacturing cost $

3-a.
During the year the company worked a total of 147,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,325,000. What is the amount of underapplied or overapplied overhead for the year? (Input the amount as a positive value. Omit the "$" sign in your response.)n..
Posted Date: 9/19/2012 7:27:10 PM | Location : United States







Related Discussions:- POHR, Assignment Help, Ask Question on POHR, Get Answer, Expert's Help, POHR Discussions

Write discussion on POHR
Your posts are moderated
Related Questions
A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and

Disadvantages of participatory budgets   They consume more time and therefore are more expensive The advantage of management participation may be negated by failure t

Question: (a) A retail store wants to evaluate how many units it must sell in order to earn a profit of Rs 10000 per month if the price of the unit is Rs 300, the average varia

identify and explain the many classification of costs for planning, control,performance evaluation and decision making.

a certain company makes 3 products A,B and C and they use the same raw material zhong.details about each product is as follows.production units are 10 000 for A,8 000 for B,12 000

Difference between budgetary control and standard costing Budgetary control The budgets are prepared for the concern as a whole. The budgets are fixed on the basis of p

WHAT IS THE NPV OF ADOPTING THE LOCKBOX SYSTEM

Direct materials,4yard at$3.50per yard...$14.00 Direct labor,1.5direct labor hours at $12.00 per direct labor hour....$18 Variableoverhead,1.5 direct labour hours at $2.00 per dire

Coleman, a married taxpayer, is going to establish a manufacturing business. He anticipates that the business will be profitable immediately due to a patent he holds. He predicts t

Illustrate the General Design of Waste heat boilers The boiler system shall be made up of a fire tube type heat exchanger, a steam drum with relief valve internals, risers and