Please do not give solution in image format thanku Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overheadcosts 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 setof data relates to one particular job completed during the year-Job Bravo.Estimated DataManufacturing overhead costsDirect labor-hoursMachine-hoursJob BravoDirect labor-hoursMachine-hoursAssembly$ 4,370,000115,00046,000Assembly Fabrication24161619Fabrication$ 4,830,0001. 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 BravoTotal4035Required:1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead wouldbe applied to Job Bravo?2. 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?(Round your intermediate calculations to 2 decimal places.)SA69,000230,000$Total$ 9,200,000184,000276,000

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Description: Please do not give solution in image format thanku Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overheadcosts to be fixed costs. The first set of data that is shown below is base

The pre-determined overhead is calculated as the estimated overhead costs divided by the estimated…

Business

Accounting

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 labor-hours Machine-hours. Job Bravo Direct labor-hours Machine-hours Assembly $ 4,370,000 115,000 46,000 Assembly Fabrication 24 16 19 16 Fabrication $ 4,830,000 69,000 230,000 Total 40 35 Total $ 9,200,000 184,000 276,000 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead woul 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 calculations to 2 decimal places.)

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 labor-hours Machine-hours. Job Bravo Direct labor-hours Machine-hours Assembly $ 4,370,000 115,000 46,000 Assembly Fabrication 24 16 19 16 Fabrication $ 4,830,000 69,000 230,000 Total 40 35 Total $ 9,200,000 184,000 276,000 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead woul 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 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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