5) Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year: Direct labor-hours Machine-hours Direct labor cost Manufacturing overhead costs Machining Assembly 80,000 40,000 20,000 20,000 $550,000 $900,000 $480,000 $280,000 The accounting records of the company show the following data for Job #316: Direct labor-hours Machine-hours Direct material cost Direct labor cost Machining 120 Assembly 55 50 5 $250 $150 $125 $375 What are the total manufacturing costs of Job #316? A) $1,885.00 B) $2,085.00 C) $2,485.00 D) $900.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
5) Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to
products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining
Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2018, the
following estimates were provided for the coming year:
Direct labor-hours
Machine-hours
Direct labor cost
Manufacturing overhead costs
Machining
Assembly
80,000
40,000
20,000
20,000
$550,000
$900,000
$480,000
$280,000
The accounting records of the company show the following data for Job #316:
Direct labor-hours
Machine-hours
Direct material cost
Direct labor cost
Machining
120
Assembly
55
50
5
$250
$150
$125
$375
What are the total manufacturing costs of Job #316?
A) $1,885.00
B) $2,085.00
C) $2,485.00
D) $900.00
Transcribed Image Text:5) Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year: Direct labor-hours Machine-hours Direct labor cost Manufacturing overhead costs Machining Assembly 80,000 40,000 20,000 20,000 $550,000 $900,000 $480,000 $280,000 The accounting records of the company show the following data for Job #316: Direct labor-hours Machine-hours Direct material cost Direct labor cost Machining 120 Assembly 55 50 5 $250 $150 $125 $375 What are the total manufacturing costs of Job #316? A) $1,885.00 B) $2,085.00 C) $2,485.00 D) $900.00
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education