Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department’s predetermined overhead rate is based on machine-hours, and the Assembly Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:**Estimates:**| | Forming | Assembly ||--------------------------|---------|-----------|| Machine-hours | 19,000 | 15,000 || Direct labor-hours | 4,000 | 8,000 || Total fixed manufacturing overhead cost | $129,200 | $77,600 || Variable manufacturing overhead per machine-hour | $1.60 | || Variable manufacturing overhead per direct labor-hour | | $3.00 |During the current month, the company started and finished Job T288. The following data were recorded for this job:**Job T288:**| | Forming | Assembly ||--------------------------|---------|-----------|| Machine-hours | 80 | 10 || Direct labor-hours | 30 | 40 || Direct materials | $730 | $380 || Direct labor cost | $900 | $1,200 |The amount of overhead applied in the Assembly Department to Job T288 is closest to: (Round your intermediate calculations to 2 decimal places.)

PREDETERMINED OVERHEAD RATEPredetermined rate means the indirect cost rate.Predetermined overhead…

Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Job T288: Machine-hours Direct labor-hours Direct materials Direct labor cost Forming Assembly 80 30 $ 730 $900 Forming 19,000 4,000 During the current month the company started and finished Job T288. The following data were recorded for this job: 10 40 $ 380 $1,200 $129, 200 $ 1.60 Assembly 15,000 8,000 $77,600 $ 3.00 The amount of overhead applied in the Assembly Department to Job T288 is closest to: (Round your intermediate calculations to 2 decimal places.)

Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Job T288: Machine-hours Direct labor-hours Direct materials Direct labor cost Forming Assembly 80 30 $ 730 $900 Forming 19,000 4,000 During the current month the company started and finished Job T288. The following data were recorded for this job: 10 40 $ 380 $1,200 $129, 200 $ 1.60 Assembly 15,000 8,000 $77,600 $ 3.00 The amount of overhead applied in the Assembly Department to Job T288 is closest to: (Round your intermediate calculations to 2 decimal places.)

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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