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Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Actual Data Manufacturing overhead costs Direct labor hours Machine hours Multiple Choice ο ο ο ο $54.42 Job Z Direct labor hours Machine hours Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job 2? $54.00 $56.00 Assembly $ 300,000 25,000 10,000 $53.20 Assembly $ 330,000 27,000 10,500 Fabrication $ 400,000 15,000 50,000 Assembly 10 hours 1 hour Fabrication $ 380,000 16,000 48,000 Fabrication 2 hours 7 hours

Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Actual Data Manufacturing overhead costs Direct labor hours Machine hours Multiple Choice ο ο ο ο $54.42 Job Z Direct labor hours Machine hours Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job 2? $54.00 $56.00 Assembly $ 300,000 25,000 10,000 $53.20 Assembly $ 330,000 27,000 10,500 Fabrication $ 400,000 15,000 50,000 Assembly 10 hours 1 hour Fabrication $ 380,000 16,000 48,000 Fabrication 2 hours 7 hours

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 33P: Business Specialty, Inc., manufactures two staplers: small and regular. The standard quantities of...
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Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Actual Data Manufacturing overhead costs Direct labor hours Machine hours Job Z Direct labor hours Machine hours Multiple Choice $54.42 $54.00 $56.00 Assembly $ 300,000 25,000 10,000 $53.20 Assembly $ 330,000 27,000 10,500 Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job Z? Assembly 10 hours 1 hour Fabrication $ 400,000 15,000 50,000 Fabrication $ 380,000 16,000 48,000 Fabrication 2 hours 7 hours
Transcribed Image Text:Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z. Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Actual Data Manufacturing overhead costs Direct labor hours Machine hours Job Z Direct labor hours Machine hours Multiple Choice $54.42 $54.00 $56.00 Assembly $ 300,000 25,000 10,000 $53.20 Assembly $ 330,000 27,000 10,500 Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from the Fabrication Department to Job Z? Assembly 10 hours 1 hour Fabrication $ 400,000 15,000 50,000 Fabrication $ 380,000 16,000 48,000 Fabrication 2 hours 7 hours
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