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Bassett Corporation has two production departments, Milling and Customizing. The company uses a ...

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Bassett Corporation has two production departments, Milling and Customizing. The company uses a ...

Bassett Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

	Milling	Customizing
Machine-hours	16,000	12,000
Direct labor-hours	2,000	8,000
Total fixed manufacturing overhead cost	$ 118,400	$ 87,200
Variable manufacturing overhead per machine-hour	$ 2.10
Variable manufacturing overhead per direct labor-hour		$ 3.30

The predetermined overhead rate for the Milling Department is closest to:

▸ $19.00 per machine-hour

▸ $2.10 per machine-hour

▸ $9.50 per machine-hour

▸ $7.40 per machine-hour

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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vurt777 Author

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Thanks for your help!!

jmelchor77

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Good timing, thanks!

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Thanks

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