Home / Questions / Millstone Company uses job costing. Millstone Company has two departments, Sanding and Fin
Millstone Company uses job costing. Millstone Company has two departments, Sanding and Finishing. Manufacturing overhead is allocated based on direct labor cost in the Sanding Department and direct labor hours in The Finishing Department. The following additional information is available:
|
Estimated amounts |
Sanding Dept. |
Finishing Dept. |
|
Direct labor cost |
$250,000 |
$450,000 |
|
Direct labor hours |
26,000 |
50,000 |
|
Manufacturing overhead costs |
$350,000 |
$275,000 |
Actual data for completed Job No. 140 is as follows:
|
Actual amounts |
Sanding Dept. |
Finishing Dept. |
|
Direct materials requisitioned |
$25,000 |
$50,000 |
|
Direct labor cost |
$36,000 |
$42,000 |
|
Direct labor hours |
4,500 |
4,000 |
A) Compute the predetermined manufacturing overhead rate for the Sanding Department.
B) Compute the predetermined manufacturing overhead rate for the Finishing Department.
C) What is the total manufacturing overhead cost for Job. No. 140?
D) If Job No. 140 consists of 400 units of product, what is the average unit cost of this job?
Dec 09 2019 View more View Less
4. In preparation to contract out a training program, an organization can send several vendors a(n) _, which includes information such as the type of service needed, the ...
May 08 2021The truncated hollow cone shown in Figure Q1(a) is used in cooling applications and is constructed of copper with a thickness of 0.5 mm. Determine the thermal resistance ...
Aug 20 20207. The following graph shows demand, MR, and cost curves for a monopoly in the che SMC ATC AVC Price, marginal revenue, and cost (dollars) ALIIIIIIIIII 0 10 20 30 40 50 6...
Feb 07 2020Q6: a) The marginal revenue function for a company's product is (5 marks) MR = 50000 – X Where x equals the number of units produced and sold. If total revenue equals 0 w...
Apr 21 2021How is the refrigeration cycle reversed in a heat pump?
Jun 12 2021In biotech laboratory, a new trait of bacterium is cultivated in a controlled environment. The growth of population is logistic with rate ‘0.5’ and carrying limit of ‘20’...
Aug 18 2021After operating for several months, architect Mark Meecham completed the following transactions during the latter part of January: Journalize the transactions of Mark Mee...
May 24 2020Write short notes on:Incremental modelEmotional quotientIndividual behaviour versus organizational behaviourPerceptual set
May 20 2020A construction company employs 2 sales engineers. Engineer 1 does the work in estimating cast for 60% of jobs bid by the company. Engineer 2 does the work for 40% of jobs...
Apr 14 2020You plan on buying some property in Florida 3 years from today. To do this you estimate that you will need $20000 at that time for the purchase. You would like to accumu...
Aug 17 2020