Reference no: EM132548237
Johnson and Friends Corporation is using job-order costing with a single plantwide predetermined overhead rate calculated and determined by machine-hours.
The company determines a predetermined overhead rate for the current year on these estimates:
Total hours of machine operation-----30,000
Total fixed manufacturing overhead cost-----252,000
Variable manufacturing overhead per machine (hour)-----2.90
Use the following to complete the requirements.
Johnson and Friends Corporation:
Actual manufacturing overhead cost for the year-----345,000.
Recently Job 11946 was completed with the following characteristics:
Number of units in the job-----70
Total hours of machine operation-----210
Direct materials-----665
Direct labor cost-----6,720
Requirements :
Question 1: What is the predetermined overhead rate for the year?
Question 2: Estimated the total manufacturing overhead for the year.
Question 3: What is the amount of overhead applied to Job 11946.
Question 4: What was the total job cost incurred by Johnson and Friends Corporation for the completion of Job 11946.
Question 5: What is the product cost per unit for Job 11946.
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