Bekimen Inc., has a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The predetermined overhead rate in Preparation Department is based on direct labour-hours, and the rate in Finishing Department is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year:     Preparation Department Finishing Department Machine-hours 140,000 38,000 Direct labour-hours 60,000 40,000 Direct materials cost $390,000 $700,000 Direct labour cost $520,000 $1,040,000 Manufacturing overhead cost $840,000 $1,400,000 Job 123 entered into production on April 1 and was completed on May 12. The company's cost records show the following information about the job:   Preparation Department Finishing Department Machine-hours 500 120 Direct labour-hours 140 100 Direct materials cost $1,680 $2,200 Direct labour cost $1,220 $1,760 At the end of the year, the records of the company showed the following actual cost and operating data for all jobs worked on during the year:   Preparation Department Finishing Department Machine-hours 122,000 40,000 Direct labour-hours 56,000 92,000 Direct materials cost $312,000 $648,000 Manufacturing overhead cost $770,000 $1,320,000 Required: a. Compute the predetermined overhead rates for Preparation Department and Finishing Department. b. Compute the total overhead cost applied to Job 123. c. Compute the amount of underapplied or overapplied overhead in each department at the end of the current year

Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials Direct labor cost Machine-hours used $380 $ 270 39 Compute the total manufacturing cost assigned to Job 400. 3. If Job 400 includes 50 units, what is the unit product cost for this job? 4. If Moody uses a markup percentage of 130% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 152,000 $ 657,000…

Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools: Activity Cost Pool Labor-related Purchase orders Parts management Board etching General factory Activity Measure Direct labor-hours Number of orders Number of part types Number of boards Machine-hours Expected Overhead Cost $ 233,600 $ 9,360 $ 80,000 $59,850 $ 236,500 Expected Activity 29,200 DLHS 234 orders 100 part types 1,710 boards 21,500 MHS Required: 1. Compute the activity rate for each of the activity cost pools. 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity Activity Cost Pool Labor-related (DLHS) Purchase orders (orders) Parts management (part types) Board etching (boards) General factory (MHs) Product A Product B Product C Product D 4,400 74 25 430 3,300 16,100 29 3,300 50 44 530 5,400 81 13 18 750 8,100 3,600 6,500 Using the…

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour $ 6 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 31,700 $ 253,600 10 30 $ 690 S 1,380 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $420.00 $253.60 $519.60 $84.00