ices Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Datal Finishing Overhead cost Direct labor hours Machine hours Assembly $1,437,500 12,500 direct labor hours 5,500 machine hours $914,500 19,500 direct labor hours 15,500 machine hours QS 17-8 (Algo) Allocating overhead with departmental rates LO P2 Allocate overhead to a job that uses 75 direct labor hours in the Assembly department and uses 60 machine hours in the Finishing department Department Departmental Overhead Rate Hours Used Overhead Allocated Assembly Finishing Total $ 1,437.000 per direct labor hour 12.500 DLH $ 17.962.500,000 S 914.500 per direct labor hour 19 500 DLHS 17,832,750,000 $ 35.795.250.000
ices Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Datal Finishing Overhead cost Direct labor hours Machine hours Assembly $1,437,500 12,500 direct labor hours 5,500 machine hours $914,500 19,500 direct labor hours 15,500 machine hours QS 17-8 (Algo) Allocating overhead with departmental rates LO P2 Allocate overhead to a job that uses 75 direct labor hours in the Assembly department and uses 60 machine hours in the Finishing department Department Departmental Overhead Rate Hours Used Overhead Allocated Assembly Finishing Total $ 1,437.000 per direct labor hour 12.500 DLH $ 17.962.500,000 S 914.500 per direct labor hour 19 500 DLHS 17,832,750,000 $ 35.795.250.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ces.
Required information
Use the following information for the Quick Studies below. (Algo)
Rafner Manufacturing has the following budgeted data for its two production departments..
Budgeted Data
Overhead cost
Direct labor hours
Machine hours
Assembly
$1,437,500
12,500 direct labor hours
5,500 machine hours
Finishing
$914,500
19,500 direct labor hours
15,500 machine hours
QS 17-8 (Algo) Allocating overhead with departmental rates LO P2
Allocate overhead to a job that uses 75 direct labor hours in the Assembly department and uses 60 machine hours in the Finishing
department
Department
Departmental Overhead Rate
Hours Used
Overhead Allocated
Assembly
S
1,437 000 per direct labor hour
12.500 DLHS
$
17.962.500,000
Finishing
$
914,500 per direct labor hour i
19.500 OLHS
17,832,750,000
Total
$
35.795.250.000
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