Ai answer will be rejected Question:MetroTech Solutions has finished Job 915, andthe job cost sheet contains the following data:•Direct materials: $4,200Direct labor-hours: 95 labor-hoursDirect labor wage rate: $20 per labor-hour. Machine-hours: 145 machine-hoursOverhead is applied at a rate of $18 permachine-hour.A new time tracking system was used duringthis project to increase accuracy, but this doesnot affect the cost calculation. The total costthat would be recorded on the job cost sheet forJob 915 is?

Step 1:To calculate the total cost recorded on the job cost sheet for Job 915, we need to add up the…

Answered: Question: MetroTech Solutions has…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

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MetroTech Solutions has finished Job 915, and the job cost sheet contains the following data: . Direct materials: $4,200 • Direct labor-hours: 95 labor-hours • Direct labor wage rate: $20 per labor-hour • Machine-hours: 145 machine-hours Overhead is applied at a rate of $18 per machine-hour. A new time tracking system was used during this project to increase accuracy, but this does not affect the cost calculation. The total cost that would be recorded on the job cost sheet for Job 915 is:
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Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 60,000 or its expected machine hours of 30,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,550 in direct material cost, 90 direct labor hours, and 75 machine hours. Wages are paid at $16 per hour.
When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead would be $100,000 and would require 25,000 machine hours in the next year. At the end of the year. It found that actual overhead was $102,000 and required 26,000 machine hours. Determine the predetermined overhead rate. What is the overhead applied during the year? Prepare the journal entry to eliminate the under applied or over applied overhead.
Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. BudgetedActual Overhead cost$1,333, 2005 1, 307, 200Machine hours56, 30049, 000Direct labor hours101, 00097, 800Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rateSper direct labor hour
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