any has two manufacturing departments-Molding and Fabrication. Estimated data Molding Fabrication Total Manufacturing Overhead Costs $500,000 $400,000 $900,000 Direct Labor-Hours 10,000 35,000 45,000 Machine-Hours 15,000 40,000 55,000 Job B312 Molding Fabrication Total Direct Materials $115 $55 $170 Direct Labor $75 $45 $120 Direct Labor-Hours 10 hours 4 hours 14 hours Machine-Hours 4 hours 6 hours 10 hours A. If Mission uses predetermined plantwide overhead rate with direct labor-hours as the allocation base, determine the plantwide overhead rate and the manufacturing overhead applied to Job B312. B. If Mission uses predetermined departmental overhead rates with direct labor-hours as the allocation base in Molding and machine-hours as the allocation base in Fabrication, wmuch total manufacturing overhead cost would be applied to lob R2122
any has two manufacturing departments-Molding and Fabrication. Estimated data Molding Fabrication Total Manufacturing Overhead Costs $500,000 $400,000 $900,000 Direct Labor-Hours 10,000 35,000 45,000 Machine-Hours 15,000 40,000 55,000 Job B312 Molding Fabrication Total Direct Materials $115 $55 $170 Direct Labor $75 $45 $120 Direct Labor-Hours 10 hours 4 hours 14 hours Machine-Hours 4 hours 6 hours 10 hours A. If Mission uses predetermined plantwide overhead rate with direct labor-hours as the allocation base, determine the plantwide overhead rate and the manufacturing overhead applied to Job B312. B. If Mission uses predetermined departmental overhead rates with direct labor-hours as the allocation base in Molding and machine-hours as the allocation base in Fabrication, wmuch total manufacturing overhead cost would be applied to lob R2122
Chapter1: Financial Statements And Business Decisions
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:4. Mission Company has two manufacturing departments-Molding and Fabrication.
Estimated data
Molding
Fabrication
Total
Manufacturing Overhead Costs
$500,000
$400,000
$900,000
Direct Labor-Hours
10,000
35,000
45,000
Machine-Hours
15,000
40,000
55,000
Job B312
Molding
Fabrication
Total
Direct Materials
$115
$55
$170
Direct Labor
$75
$45
$120
Direct Labor-Hours
10 hours
4 hours
14 hours
Machine-Hours
4 hours
6 hours
10 hours
A. If Mission uses predetermined plantwide overhead rate with direct labor-hours as the
allocation base, determine the plantwide overhead rate and the manufacturing overhead
applied to Job B312.
B. If Mission uses predetermined departmental overhead rates with direct labor-hours as
the allocation base in Molding and machine-hours as the allocation base in Fabrication,
how much total manufacturing overhead cost would be applied to Job B312?
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