ples of Managerial Acco M Question 1- Comprehensive P X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepro Comprehensive Problem 5 Saved 1 Part 1 of 6 04:02:14 eBook Print References Required information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558, 600 56,000 15,000 13,000 53,000 58,500 13,700 14,000 55,000 Mc Graw Hill For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (800 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1,200 12,000 Required: a-1. Assume the Saint Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Use expected total direct labor hours to compute the overhead rate. a-2. What is the expected cost per unit produced for job number 110? C Prev 1 2 3 Sm 6 of 6 Next > Л

ples of Managerial Acco M Question 1- Comprehensive P X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepro Comprehensive Problem 5 Saved 1 Part 1 of 6 04:02:14 eBook Print References Required information [The following information applies to the questions displayed below.] Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job order costing system for its batch production processes. The Saint Cloud plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $250,000. During the past year, actual plantwide overhead was $242,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the Saint Cloud plant for the past year are as follows: Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: Direct labor hours Machine-hours Actual activity: Direct labor hours Machine-hours Department A Department B $ 97,500 $ 540,600 120,000 558, 600 56,000 15,000 13,000 53,000 58,500 13,700 14,000 55,000 Mc Graw Hill For the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids for several jobs. Projected data pertaining only to job number 110 are as follows: Direct materials Direct labor cost: Department A (2,400 hours) Department B (800 hours) Machine-hours projected: Department A Department B Units produced $ 21,500 36,000 11,600 100 1,200 12,000 Required: a-1. Assume the Saint Cloud plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Use expected total direct labor hours to compute the overhead rate. a-2. What is the expected cost per unit produced for job number 110? C Prev 1 2 3 Sm 6 of 6 Next > Л

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter1: Introduction To Accounting Information System

Section: Chapter Questions

Problem 4P

See similar textbooks