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Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours. Machine-hours Job A Direct labor-hours Machine-hours. Job B Direct labor-hours Machine-hours Machining $ 1,352,000 13,000 104,000 Machining Assembly 5 10 11 2 Machining Assembly 4 5 12 3 1. Manufacturing overhead applied Job A 1. Manufacturing overhead applied Job B 2. Manufacturing overhead applied Job A 2. Manufacturing overhead applied Job B. Assembly $ 169,000 104,000 8,000 Total 15 13 Total 9 15 Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? 2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on machine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost would be applied to Job A? Job B? Note: For Requirement 2, round your intermediate calculations and final answers to 2 decimal places. > Answer is complete but not entirely correct. $ $ $ $ 195✔ 117 146.25 X 8.15 X Total $ 1,521,000 117,000 112,000

Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours. Machine-hours Job A Direct labor-hours Machine-hours. Job B Direct labor-hours Machine-hours Machining $ 1,352,000 13,000 104,000 Machining Assembly 5 10 11 2 Machining Assembly 4 5 12 3 1. Manufacturing overhead applied Job A 1. Manufacturing overhead applied Job B 2. Manufacturing overhead applied Job A 2. Manufacturing overhead applied Job B. Assembly $ 169,000 104,000 8,000 Total 15 13 Total 9 15 Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? 2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on machine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost would be applied to Job A? Job B? Note: For Requirement 2, round your intermediate calculations and final answers to 2 decimal places. > Answer is complete but not entirely correct. $ $ $ $ 195✔ 117 146.25 X 8.15 X Total $ 1,521,000 117,000 112,000

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
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Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours Machine-hours Job A Direct labor-hours Machine-hours Job B Direct labor-hours Machine-hours Machining $ 1,352,000 13,000 104,000 Machining 5 11 Machining 4 12 1. Manufacturing overhead applied Job A 1. Manufacturing overhead applied Job B 2. Manufacturing overhead applied Job A 2. Manufacturing overhead applied Job B Assembly 10 2 Assembly 5 3 $ $ $ $ Assembly Total $ 169,000 $ 1,521,000 104,000 8,000 Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? 2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on machine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost would be applied to Job A? Job B? Note: For Requirement 2, round your intermediate calculations and final answers to 2 decimal places. Answer is complete but not entirely correct. Total 15 13 195 117 Total 9 15 146.25 X 8.15 X 117,000 112,000
Transcribed Image Text:Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct labor-hours Machine-hours Job A Direct labor-hours Machine-hours Job B Direct labor-hours Machine-hours Machining $ 1,352,000 13,000 104,000 Machining 5 11 Machining 4 12 1. Manufacturing overhead applied Job A 1. Manufacturing overhead applied Job B 2. Manufacturing overhead applied Job A 2. Manufacturing overhead applied Job B Assembly 10 2 Assembly 5 3 $ $ $ $ Assembly Total $ 169,000 $ 1,521,000 104,000 8,000 Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? 2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based on machine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost would be applied to Job A? Job B? Note: For Requirement 2, round your intermediate calculations and final answers to 2 decimal places. Answer is complete but not entirely correct. Total 15 13 195 117 Total 9 15 146.25 X 8.15 X 117,000 112,000
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