The following production estimates were made for the coming year: Total quilts to be produced Total manufacturing hours available per laborer Total direct laborers Total direct labor hours The following cost estimates were available at the beginning of the year. Use these estimates to determine total estimated manufacturing overhead during the year: 52,000.00 Production supervisor's salary per week (use 52 weeks in a year) Monthly rent 8,112.00 Utilities expense per quarter 2,704.00 Cost per pencil (useful life of each pencil is 20 hours) 200.00 Cost per scissors (useful life of each pair of scissors is 80 hours) 2,975.00 2,480.00 Cost per ruler (usefule life of each ruler is 50 hours) Cost of glue (per quilt) 0.62 12,400.00 Total Estimated Manufacturing Overhead $ 80,871.00 B. Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing overhead to jobs and Work In Process Inventory: PDOH C. Complete the following job cost sheet for the WVU themed quilts: Job Cost Sheet Direct Materials Sheets Cost per Sheet $ 2.00 4.00 4.00 A. White material Blue material Yellow material 20,000 2,000 3 6,000 Amount $1,000 $ 676 676 2 119 62 Total Estimate for Year per DLH #N/A #N/A #N/A #N/A #N/A #N/A #N/A AN/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
The following production estimates were made for the coming year: Total quilts to be produced Total manufacturing hours available per laborer Total direct laborers Total direct labor hours The following cost estimates were available at the beginning of the year. Use these estimates to determine total estimated manufacturing overhead during the year: 52,000.00 Production supervisor's salary per week (use 52 weeks in a year) Monthly rent 8,112.00 Utilities expense per quarter 2,704.00 Cost per pencil (useful life of each pencil is 20 hours) 200.00 Cost per scissors (useful life of each pair of scissors is 80 hours) 2,975.00 2,480.00 Cost per ruler (usefule life of each ruler is 50 hours) Cost of glue (per quilt) 0.62 12,400.00 Total Estimated Manufacturing Overhead $ 80,871.00 B. Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing overhead to jobs and Work In Process Inventory: PDOH C. Complete the following job cost sheet for the WVU themed quilts: Job Cost Sheet Direct Materials Sheets Cost per Sheet $ 2.00 4.00 4.00 A. White material Blue material Yellow material 20,000 2,000 3 6,000 Amount $1,000 $ 676 676 2 119 62 Total Estimate for Year per DLH #N/A #N/A #N/A #N/A #N/A #N/A #N/A AN/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 3.4C
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I need help with b please.
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EMPLOYEES: (one each)
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Supervisor
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Measurer
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Cutter
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Assembler
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16 A.
The following production estimates were made for the coming year:
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Total quilts to be produced
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Total manufacturing hours available per laborer
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Total direct laborers
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Total direct labor hours
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The following cost estimates were available at the beginning of the year.
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Use these estimates to determine total estimated manufacturing overhead during the year:
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1,000 $
Production supervisor's salary per week (use 52 weeks in a year)
Monthly rent
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676
676
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Utilities expense per quarter
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Cost per pencil (useful life of each pencil is 20 hours)
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119
Cost per scissors (useful life of each pair of scissors is 80 hours)
Cost per ruler (usefule life of each ruler is 50 hours)
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62
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Cost of glue (per quilt)
0.62
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Total Estimated Manufacturing Overhead
$
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33 B.
Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing
overhead to jobs and Work In Process Inventory:
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PDOH=
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37 C.
Complete the following job cost sheet for the WVU themed quilts:
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Job Cost Sheet
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Direct Materials
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Sheets
Cost per Sheet
$
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2.00
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4.00
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4.00
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Instructions
M4 Project
White material
Blue material
Yellow material
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Sheets of material used:
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Yellow:
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WVU Bookstore Special Order (Actual results)
Number of quilts made:
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Estimate for Year
52,000.00
8,112.00
2,704.00
200.00
2,975.00
2,480.00
12,400.00
80,871.00
per DLH
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