1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12 Machine hours 51,200 204,800 20,000 400,000 13 Direct labor 14 15 Building depreciation of $110,000 is allocated on the basis of square feet of floor space. Personal property 16 taxes of $30,000 are allocated on the basis of assessed values of equipment used. Costs for service 17 departments 1 and 2 are allocated to production departments on the basis of cubic yards of factory space 18 and machine hours, respectively. 19 20 Required 21 a. Prepare a 2019 overhead distribution worksheet for Bluestone Company similar to the one prepared 22 for Exhibit 3-15 23 b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine 24 hours and direct labor costs, respectively, for allocation bases. Round your answer to two decimal 25 places. 26 27 2 a. 29 30 Service Production 31 Totals (optional) Dept. 1 Dept. 2 Allocation Basis 32 Dept. 1 Dept. 2 Directly identifiable with departments: 33 Indirect material N/A 34 Indirect labor N/A 35 36 Allocated to departments: 37 Building depreciation Personal property taxes Floor space 38 Assessed value of equipment 39 Total overhead 40 41 Allocation of service departments: 42 Cubic yards of factory space 43 Dept. 1 Machine hours used 44 Dept. 2 Total allocated overhead 45 46 Departmental overhead rates: b. 49 Production Dept. 1 (per machine hour): Production Dept. 2 (per direct labor dollar): 50
1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12 Machine hours 51,200 204,800 20,000 400,000 13 Direct labor 14 15 Building depreciation of $110,000 is allocated on the basis of square feet of floor space. Personal property 16 taxes of $30,000 are allocated on the basis of assessed values of equipment used. Costs for service 17 departments 1 and 2 are allocated to production departments on the basis of cubic yards of factory space 18 and machine hours, respectively. 19 20 Required 21 a. Prepare a 2019 overhead distribution worksheet for Bluestone Company similar to the one prepared 22 for Exhibit 3-15 23 b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine 24 hours and direct labor costs, respectively, for allocation bases. Round your answer to two decimal 25 places. 26 27 2 a. 29 30 Service Production 31 Totals (optional) Dept. 1 Dept. 2 Allocation Basis 32 Dept. 1 Dept. 2 Directly identifiable with departments: 33 Indirect material N/A 34 Indirect labor N/A 35 36 Allocated to departments: 37 Building depreciation Personal property taxes Floor space 38 Assessed value of equipment 39 Total overhead 40 41 Allocation of service departments: 42 Cubic yards of factory space 43 Dept. 1 Machine hours used 44 Dept. 2 Total allocated overhead 45 46 Departmental overhead rates: b. 49 Production Dept. 1 (per machine hour): Production Dept. 2 (per direct labor dollar): 50
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...
Related questions
Concept explainers
Question
I need help doing the attached problem. Parts "a" and "b" are circuled
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,