Cast Iron Fabrication allocates manufacturing overhead to each job using departmental overhead rates. The company's operations are divided into a casting department and a finishing department The casting department uses a departmental overhead rate of $51 per machine hour, while the finishing department uses a departmental overhead rate of $23 per direct labor hour. Job A216 used the following direct labor hours and machine hours in the two departments Actual results Direct labor hours used Machine hours used Casting Department OA. $401 OB. 5472 OC. $1,423 OD. $421 5 2 Finishing Department 13 7 The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job A216 is $2,000 How much manufacturing overhead would be allocated to Job A216 using the departmental overhead rates?

Cast Iron Fabrication allocates manufacturing overhead to each job using departmental overhead rates. The company's operations are divided into a casting department and a finishing department The casting department uses a departmental overhead rate of $51 per machine hour, while the finishing department uses a departmental overhead rate of $23 per direct labor hour. Job A216 used the following direct labor hours and machine hours in the two departments Actual results Direct labor hours used Machine hours used Casting Department OA. $401 OB. 5472 OC. $1,423 OD. $421 5 2 Finishing Department 13 7 The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job A216 is $2,000 How much manufacturing overhead would be allocated to Job A216 using the departmental overhead rates?

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Description: Cast Iron Fabrication allocates manufacturing overhead to each job using departmental overhead rates. The company's operations are divided into a casting department and a finishing department The castingdepartment uses a departmental overhead rate o

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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