PROBLEM 2-17 Plantwide and Departmental Predetermined Overhead Rates; Overhead Application LO2-1, L02–2 Wilmington Company has two manufacturing departments–Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed page 93 during the year–Job Bravo. Estimated Data Assembly Fabrication Total Manufacturing overhead costs . $600,000 $800,000 $1,400,000 Direct labor-hours. 50,000 30,000 80,000 Machine-hours. 20,000 100,000 120,000 Job Bravo Assembly Fabrication Total Direct labor-hours. 11 3 14 Machine-hours. 3 6 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo?

PROBLEM 2-17 Plantwide and Departmental Predetermined Overhead Rates; Overhead Application LO2-1, L02–2 Wilmington Company has two manufacturing departments–Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed page 93 during the year–Job Bravo. Estimated Data Assembly Fabrication Total Manufacturing overhead costs . $600,000 $800,000 $1,400,000 Direct labor-hours. 50,000 30,000 80,000 Machine-hours. 20,000 100,000 120,000 Job Bravo Assembly Fabrication Total Direct labor-hours. 11 3 14 Machine-hours. 3 6 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 46E: OBJECTIVE 6 Exercise 1-46 Income Statement ERS Inc. maintains and repairs office equipment. ERS had...

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