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Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. 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? (Round your intermediate calculation to 2 decimal places.) 1. Plantwide manufacturing overhead applied to Job Bravo 2. Manufacturing overhead applied from Assembly to Job Bravo Manufacturing overhead applied from Fabrication to Job Bravo Total departmental manufacturing overhead applied to Job Bravo

Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. 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? (Round your intermediate calculation to 2 decimal places.) 1. Plantwide manufacturing overhead applied to Job Bravo 2. Manufacturing overhead applied from Assembly to Job Bravo Manufacturing overhead applied from Fabrication to Job Bravo Total departmental manufacturing overhead applied to Job Bravo

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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**Wilmington Company Manufacturing Overhead Analysis** 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 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:** | | Assembly | Fabrication | Total | |------------------------|----------|-------------|--------------| | Manufacturing overhead costs | $1,400,000 | $1,680,000 | $3,080,000 | | Direct labor-hours | 70,000 | 42,000 | 112,000 | | Machine-hours | 28,000 | 140,000 | 168,000 | **Job Bravo:** | | Assembly | Fabrication | Total | |------------------------|----------|-------------|--------| | Direct labor-hours | 15 | 7 | 22 | | Machine-hours | 7 | 10 | 17 | **Required:** 1. **If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo?** 2. **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? (Round your intermediate calculation to 2 decimal places.)** | 1. Plantwide manufacturing overhead applied to Job Bravo | | |----------------------------------------------------------|---------------------| | 2. Manufacturing overhead applied from Assembly to Job Bravo | | | Manufacturing overhead applied from Fabrication to Job Bravo | | | Total departmental manufacturing overhead applied to Job Bravo | | **Explanation:** - The first table provides estimated data for manufacturing overhead costs, direct labor-hours, and machine-hours for the Assembly and Fabrication departments. - The second table shows the specific data for Job Bravo, including direct labor-hours and machine-hours spent in each department. - The task involves calculating the manufacturing overhead applied to Job Bravo using two different methods: 1. A plantwide predetermined overhead rate based on direct labor-hours. 2. Departmental predetermined overhead rates using direct labor-hours for Assembly and machine-hours for Fabrication.
Transcribed Image Text:**Wilmington Company Manufacturing Overhead Analysis** 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 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:** | | Assembly | Fabrication | Total | |------------------------|----------|-------------|--------------| | Manufacturing overhead costs | $1,400,000 | $1,680,000 | $3,080,000 | | Direct labor-hours | 70,000 | 42,000 | 112,000 | | Machine-hours | 28,000 | 140,000 | 168,000 | **Job Bravo:** | | Assembly | Fabrication | Total | |------------------------|----------|-------------|--------| | Direct labor-hours | 15 | 7 | 22 | | Machine-hours | 7 | 10 | 17 | **Required:** 1. **If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo?** 2. **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? (Round your intermediate calculation to 2 decimal places.)** | 1. Plantwide manufacturing overhead applied to Job Bravo | | |----------------------------------------------------------|---------------------| | 2. Manufacturing overhead applied from Assembly to Job Bravo | | | Manufacturing overhead applied from Fabrication to Job Bravo | | | Total departmental manufacturing overhead applied to Job Bravo | | **Explanation:** - The first table provides estimated data for manufacturing overhead costs, direct labor-hours, and machine-hours for the Assembly and Fabrication departments. - The second table shows the specific data for Job Bravo, including direct labor-hours and machine-hours spent in each department. - The task involves calculating the manufacturing overhead applied to Job Bravo using two different methods: 1. A plantwide predetermined overhead rate based on direct labor-hours. 2. Departmental predetermined overhead rates using direct labor-hours for Assembly and machine-hours for Fabrication.
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