Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predeterminedoverhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the CustomizingDepartment'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-hoursDirect labor-hoursTotal fixed manufacturing overhead costJob T138:Machine-hours.Variable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hourDuring the current month the company started and finished Job T138. The following data were recorded for this job:Customizing5080Direct labor-hoursThe amount of overhead applied in the Customizing Department to Job T138 is closest to:Note: Round your intermediate calculations to 2 decimal places.Multiple ChoiceCasting6012$770.00Casting17,2006,000$ 101,480$ 1.80Customizing14, 2007,100$ 59,640$ 3.50

Name: Mahon Corporation has two production departments, Casting and Customi
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Description: Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predeterminedoverhead rate in each production department. The Casting Department's predetermined overhead rate is b

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Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing 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. Multiple Choice Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour During the current month the company started and finished Job T138. The following data were recorded for this job: Job T138: Machine-hours Customizing 50 80 Direct labor-hours The amount of overhead applied in the Customizing Department to Job T138 is closest to: Note: Round your intermediate calculations to 2 decimal places. $770.00 Casting 17,200 6,000 $ 101,480 $ 1.80 Casting 60 12 Customizing 14,200 7,100 $ 59,640 $ 3.50

Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing 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. Multiple Choice Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour During the current month the company started and finished Job T138. The following data were recorded for this job: Job T138: Machine-hours Customizing 50 80 Direct labor-hours The amount of overhead applied in the Customizing Department to Job T138 is closest to: Note: Round your intermediate calculations to 2 decimal places. $770.00 Casting 17,200 6,000 $ 101,480 $ 1.80 Casting 60 12 Customizing 14,200 7,100 $ 59,640 $ 3.50

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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