CO X M Question 4-Comprehensive P X + ducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252FmH Problem 5 Required information W [The following information applies to the questions displayed below.] Saved Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558,600 56,000 15,000 13,000 53,000 58,500 14,000 13,700 55,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (800 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1, 200 12,000 d. Compute the under- or overapplied overhead for the Saint Cloud plant for the year assuming the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs based on machine hours. Note: Round your intermediate calculations to 2 decimal places. S < Prev 4 5 6 of 6 Next >
CO X M Question 4-Comprehensive P X + ducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252FmH Problem 5 Required information W [The following information applies to the questions displayed below.] Saved Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558,600 56,000 15,000 13,000 53,000 58,500 14,000 13,700 55,000 For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (800 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1, 200 12,000 d. Compute the under- or overapplied overhead for the Saint Cloud plant for the year assuming the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs based on machine hours. Note: Round your intermediate calculations to 2 decimal places. S < Prev 4 5 6 of 6 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmh
Problem 5
Saved
Required information
[The following information applies to the questions displayed below.]
Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order
costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs
pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human
resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's
the Saint Cloud plant for the past year are as follows:
overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from
Budgeted department overhead
(excludes plantwide overhead)
Actual department overhead
Expected total activity:
Direct labor hours
Machine-hours
Actual activity:
Direct labor hours
Machine-hours
Department A Department B
$ 97,500 $ 540,600
120,000
558, 600
56,000
15,000
13,000
53,000
58,500
14,000
13, 700
55,000
For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for
several jobs. Projected data pertaining only to job number 110 are as follows:
Direct materials
Direct labor cost:
Department A (2,400 hours)
Department B (800 hours)
Machine-hours projected:
Department A
Department B
Units produced
$ 21,500
36,000
11,600
100
1,200
12,000
d. Compute the under- or overapplied overhead for the Saint Cloud plant for the year assuming the Saint Cloud plant uses three
separate overhead rates to assign overhead costs to jobs based on machine hours.
Note: Round your intermediate calculations to 2 decimal places.
< Prev
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Transcribed Image Text:000
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ducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmh
Problem 5
Saved
Required information
[The following information applies to the questions displayed below.]
Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order
costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs
pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human
resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's
the Saint Cloud plant for the past year are as follows:
overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from
Budgeted department overhead
(excludes plantwide overhead)
Actual department overhead
Expected total activity:
Direct labor hours
Machine-hours
Actual activity:
Direct labor hours
Machine-hours
Department A Department B
$ 97,500 $ 540,600
120,000
558, 600
56,000
15,000
13,000
53,000
58,500
14,000
13, 700
55,000
For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for
several jobs. Projected data pertaining only to job number 110 are as follows:
Direct materials
Direct labor cost:
Department A (2,400 hours)
Department B (800 hours)
Machine-hours projected:
Department A
Department B
Units produced
$ 21,500
36,000
11,600
100
1,200
12,000
d. Compute the under- or overapplied overhead for the Saint Cloud plant for the year assuming the Saint Cloud plant uses three
separate overhead rates to assign overhead costs to jobs based on machine hours.
Note: Round your intermediate calculations to 2 decimal places.
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of 6
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