Wilmington Company has two manufacturing departments - Assembly and Fabrication. It considers all of itsmanufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates fromthe beginning of the year The second set of data relates to one particular job completed during the year - Job Bravo.Estimated Data Manufacturing overhead costs Direct laborhours Machine -hours Assembly 4, 370,000 115000 46,000Fabrication 4, 830,000 69,000 230,000 Total $9, 200,000 184, 000 276,000 Job Bravo Direct labor-hours Machine -hours Assembly 24 TotalFabrication 16 40 16 35 Required: If Wilmington used a plantwide predetermined overhead ratebased on direct labor-how much manufacturing overhead would be applied to Job Bravo? If Wilmington usesdepartmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine -hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo? Note:Round your intermediate calculations to 2 decimal places. 1. Plantwide manufacturing overhead applied to Job Bravo2. Manufacturing overhead applied from Assembly to Job Bravo 2. Manufacturing overhead applied from Fabricationto Job Bravo

Name: Wilmington Company has two manufacturing departments - Assembly and F
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Description: Wilmington Company has two manufacturing departments - Assembly and Fabrication. It considers all of itsmanufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates fromthe beginning of the year The

Applying manufacturing overhead means you are multiplying the predetermined allocation rate by the…

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Accounting

manufacturing overhead costs to be fixed costs. The first set of the beginning of the year The second set of data relates to one p Estimated Data Manufacturing overhead costs Direct laborhours Fabrication 4,830,000 69,000 230,000 Total $9, 200,000 184, 00 hours Assembly 24 TotalFabrication 16 40 16 35 Required: If Wils based on direct labor - how much manufacturing overhead wou departmental predetermined overhead rates with direct labor-I hours as the allocation base in Fabrication how much manufact

manufacturing overhead costs to be fixed costs. The first set of the beginning of the year The second set of data relates to one p Estimated Data Manufacturing overhead costs Direct laborhours Fabrication 4,830,000 69,000 230,000 Total $9, 200,000 184, 00 hours Assembly 24 TotalFabrication 16 40 16 35 Required: If Wils based on direct labor - how much manufacturing overhead wou departmental predetermined overhead rates with direct labor-I hours as the allocation base in Fabrication how much manufact

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

Wilmington Company has two manufacturing departments - Assembly and Fabrication. It considers all of its
manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from
the beginning of the year The second set of data relates to one particular job completed during the year - Job Bravo.
Estimated Data Manufacturing overhead costs Direct laborhours Machine -hours Assembly 4, 370,000 115000 46,000
Fabrication 4, 830,000 69,000 230,000 Total $9, 200,000 184, 000 276,000 Job Bravo Direct labor-hours Machine -
hours Assembly 24 TotalFabrication 16 40 16 35 Required: If Wilmington used a plantwide predetermined overhead rate
based on direct labor-how much manufacturing overhead would be applied to Job Bravo? If Wilmington uses
departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine -
hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo? Note:
Round your intermediate calculations to 2 decimal places. 1. Plantwide manufacturing overhead applied to Job Bravo
2. Manufacturing overhead applied from Assembly to Job Bravo 2. Manufacturing overhead applied from Fabrication
to Job Bravo

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18.1
Production and cost data Production and sales units Selling price (per unit) Materials (per unit) Labor (per unit) Manufacturing overheads Dept. A Standrad 192000 24000 $15 1.7 4.3 Dept. B Designer wear Number of machine set-ups 4 Marketing overheads $50 8 14.2 24 Engineering and PC Marketing and CS 745200 1296000 Use single-rate; direct method to allocate engineering and marketing overheads Engineering overheads include machine setting ($460,800) and inspection ($284,400) activities. Marketing involves channel ($496,000) and branding ($800,000) activities. The inspection and channel costs are driven by the number of units produced & sold. Computing product costs and profits under conventional and ABC approaches