Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
saratoga 22 saratoga 22
wrote...
Posts: 141
Rep: 0 0
A year ago

Merati Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

FormingAssemblyTotal
Estimated total machine-hours (MHs)5,0005,00010,000
Estimated total fixed manufacturing overhead cost$ 28,000$ 10,500$ 38,500
Estimated variable manufacturing overhead cost per MH$ 1.80$ 2.60

During the most recent month, the company started and completed two jobs--Job B and Job L. There were no beginning inventories. Data concerning those two jobs follow:

Job BJob L
Forming machine-hours3,4001,600
Assembly machine-hours2,0003,000

Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The departmental predetermined overhead rate in the Forming Department is closest to:



▸ $5.60

▸ $7.40

▸ $1.80

▸ $6.05
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
wordnerdwordnerd
wrote...
Posts: 119
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

saratoga 22 Author
wrote...

A year ago
Thank you, thank you, thank you!
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1132 People Browsing
 105 Signed Up Today
Related Images
  
 238
  
 190
  
 200
Your Opinion
How often do you eat-out per week?
Votes: 79

Previous poll results: What's your favorite coffee beverage?