ucation.com/ext/map/mex. Problem 5 i Saved Required information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job orde costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558,600 56,000 15,000 13,000 53,000 58,500 14,000 13,700 55,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (806 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1,200 12,000 Assume the Saint Cloud plant uses three.separate overhead rates to assign overhead costs to jobs. -1. Find the plant wide overhead rate by using expected machine hours. b-2. Find the department overhead rate using expected machine hours for Department A and Department B. b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed. < Prev 2 3 4 6 of 6
ucation.com/ext/map/mex. Problem 5 i Saved Required information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job orde costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558,600 56,000 15,000 13,000 53,000 58,500 14,000 13,700 55,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (806 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1,200 12,000 Assume the Saint Cloud plant uses three.separate overhead rates to assign overhead costs to jobs. -1. Find the plant wide overhead rate by using expected machine hours. b-2. Find the department overhead rate using expected machine hours for Department A and Department B. b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed. < Prev 2 3 4 6 of 6
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 35BEB: Use the following information for Brief Exercises 4-34 and 4-35: Sanjay Company manufactures a...
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![ucation.com/ext/map/mex.
Problem 5 i
Saved
Required information
[The following information applies to the questions displayed below.]
Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job orde
costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs
pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human
resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's
overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from
the Saint Cloud plant for the past year are as follows:
Budgeted department overhead
(excludes plantwide overhead)
Actual department overhead
Expected total activity:
Direct labor hours
Machine-hours
Actual activity:
Direct labor hours
Machine-hours
Department A Department B
$ 97,500 $ 540,600
120,000
558,600
56,000
15,000
13,000
53,000
58,500
14,000
13,700
55,000
For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for
several jobs. Projected data pertaining only to job number 110 are as follows:
Direct materials
Direct labor cost:
Department A (2,400 hours)
Department B (806 hours)
Machine-hours projected:
Department A
Department B
Units produced
$ 21,500
36,000
11,600
100
1,200
12,000
Assume the Saint Cloud plant uses three.separate overhead rates to assign overhead costs to jobs.
-1. Find the plant wide overhead rate by using expected machine hours.
b-2. Find the department overhead rate using expected machine hours for Department A and Department B.
b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed.
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2
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Transcribed Image Text:ucation.com/ext/map/mex.
Problem 5 i
Saved
Required information
[The following information applies to the questions displayed below.]
Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job orde
costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs
pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human
resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's
overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from
the Saint Cloud plant for the past year are as follows:
Budgeted department overhead
(excludes plantwide overhead)
Actual department overhead
Expected total activity:
Direct labor hours
Machine-hours
Actual activity:
Direct labor hours
Machine-hours
Department A Department B
$ 97,500 $ 540,600
120,000
558,600
56,000
15,000
13,000
53,000
58,500
14,000
13,700
55,000
For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for
several jobs. Projected data pertaining only to job number 110 are as follows:
Direct materials
Direct labor cost:
Department A (2,400 hours)
Department B (806 hours)
Machine-hours projected:
Department A
Department B
Units produced
$ 21,500
36,000
11,600
100
1,200
12,000
Assume the Saint Cloud plant uses three.separate overhead rates to assign overhead costs to jobs.
-1. Find the plant wide overhead rate by using expected machine hours.
b-2. Find the department overhead rate using expected machine hours for Department A and Department B.
b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed.
< Prev
2
3
4
6
of 6
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