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JOB-123. This job used 3,000 labor hours and 12,000 machine hours in the Assembly department, and 10,000 labor hours and 2,000 machine hours in the Finishing Department. Based on the above information, The total amount of manufacturing overhead ($) applied to JOB-123 is:

JOB-123. This job used 3,000 labor hours and 12,000 machine hours in the Assembly department, and 10,000 labor hours and 2,000 machine hours in the Finishing Department. Based on the above information, The total amount of manufacturing overhead ($) applied to JOB-123 is:

FINANCIAL ACCOUNTING
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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Company X performs jobs based on customer requests. Each job passes through two departments; the Assembly department and the Finishing department. The Assembly department uses machine hours as an allocation base, whereas the Finishing department uses labor hours as al allocation base. The total estimated manufacturing overhead cost for the period was $800,000, of which 25% belongs to the Assembly department and 75% belongs to the Finishing department. The estimated labor hours and machine hours for the Assembly where 50,000 and 30,000 hours respectively, whereas the estimated labor hours and machine hours for the Finishing department were 120,000 and 80,000 hours respectively. During the current period, Company X processed and finished one job: JOB-123. This job used 3,000 labor hours and 12,000 machine hours in the Assembly department, and 10,000 labor hours and 2,000 machine hours in the Finishing Department. Based on the above information, The total amount of manufacturing overhead ($) applied to JOB-123 is: O a. 62,000 O b. 95,000 O c. 130,000 O d. 27,000 O e. None of the given answers
Transcribed Image Text:Company X performs jobs based on customer requests. Each job passes through two departments; the Assembly department and the Finishing department. The Assembly department uses machine hours as an allocation base, whereas the Finishing department uses labor hours as al allocation base. The total estimated manufacturing overhead cost for the period was $800,000, of which 25% belongs to the Assembly department and 75% belongs to the Finishing department. The estimated labor hours and machine hours for the Assembly where 50,000 and 30,000 hours respectively, whereas the estimated labor hours and machine hours for the Finishing department were 120,000 and 80,000 hours respectively. During the current period, Company X processed and finished one job: JOB-123. This job used 3,000 labor hours and 12,000 machine hours in the Assembly department, and 10,000 labor hours and 2,000 machine hours in the Finishing Department. Based on the above information, The total amount of manufacturing overhead ($) applied to JOB-123 is: O a. 62,000 O b. 95,000 O c. 130,000 O d. 27,000 O e. None of the given answers
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