Wilmington Company has two manufacturing departments-Assembly and Fabrication. All of its manufacturing overhead costs arefixed costs. The first set of data shown below is based on estimates from the beginning of the year. The second set of data relates toone particular job completed during the year-Job Bravo.Estimated DataManufacturing overhead costsDirect labor-hoursMachine-hoursJob BravoDirect labor-hoursMachine-hoursAssembly179Assembly$ 1,920,00080,00032,000Fabrication912Fabrication$ 2,240,00048,000160,000Total26211. Plantwide manufacturing overhead applied to Job Bravo2. Manufacturing overhead applied from Assembly to Job Bravo2. Manufacturing overhead applied from Fabrication to Job Bravo2. Total departmental manufacturing overhead applied to Job BravoRequired:1. If Wilmington uses a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overheadwould be applied to Job Bravo?Total$ 4,160,000128,000192,0002. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly andmachine-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.$0

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Description: Wilmington Company has two manufacturing departments-Assembly and Fabrication. All of its manufacturing overhead costs arefixed costs. The first set of data shown below is based on estimates from the beginning of the year. The second set of data rel

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Wilmington Company has two manufacturing departments-Assembly and Fabrication. All of its manufacturing overhead costs are 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 Manufacturing overhead costs Direct labor-hours Machine-hours Job Bravo Direct labor-hours Machine-hours Assembly 17 9 Assembly $ 1,920,000 80,000 32,000 Fabrication 9 12 Fabrication $ 2,240,000 48,000 160,000 Total 26 21 Total $ 4,160,000 128,000 192,000 Required: 1. If Wilmington uses 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? Note: Round your intermediate calculations to 2 decimal places.

Wilmington Company has two manufacturing departments-Assembly and Fabrication. All of its manufacturing overhead costs are 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 Manufacturing overhead costs Direct labor-hours Machine-hours Job Bravo Direct labor-hours Machine-hours Assembly 17 9 Assembly $ 1,920,000 80,000 32,000 Fabrication 9 12 Fabrication $ 2,240,000 48,000 160,000 Total 26 21 Total $ 4,160,000 128,000 192,000 Required: 1. If Wilmington uses 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? Note: Round your intermediate calculations to 2 decimal places.

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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