Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
NeuroJuice NeuroJuice
wrote...
Posts: 132
Rep: 0 0
A year ago

Tiff Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Assembly 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:

CastingAssembly
Machine-hours17,00010,000
Direct labor-hours1,0005,000
Total fixed manufacturing overhead cost$ 129,200$ 46,500
Variable manufacturing overhead per machine-hour$ 1.80
Variable manufacturing overhead per direct labor-hour$ 3.80

During the current month the company started and finished Job P131. The following data were recorded for this job:

Job P131:CastingAssembly
Machine-hours9020
Direct labor-hours2060

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



▸ $9.40 per machine-hour

▸ $7.60 per machine-hour

▸ $1.80 per machine-hour

▸ $31.96 per machine-hour
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 62 times
1 Reply
Replies
Answer verified by a subject expert
Kmc14Kmc14
wrote...
Posts: 137
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

NeuroJuice Author
wrote...

A year ago
Helped a lot
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1067 People Browsing
Related Images
  
 56
  
 360
  
 980
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308