FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and
computes a predetermined overhead rate in each production department The Machining 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:
Machine-hours
Direct labor-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
Machining Čustomizing
28,000
1,000
$120,400
2.50
15,000
1,000
$60,000
$ 5.00
During the current month the company started and finished Job K369. The following data were recorded for this job:
Job K369:
Machine-hours
Direct labor-hours,
Machining
70
40
Customizing
20
8.
Required:
Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round Intermedlate calculatlons.)
Overhead aplied
KPrev
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Transcribed Image Text:Bulla Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department The Machining 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: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Machining Čustomizing 28,000 1,000 $120,400 2.50 15,000 1,000 $60,000 $ 5.00 During the current month the company started and finished Job K369. The following data were recorded for this job: Job K369: Machine-hours Direct labor-hours, Machining 70 40 Customizing 20 8. Required: Calculate the total amount of overhead applied to Job K369 in both departments. (Do not round Intermedlate calculatlons.) Overhead aplied KPrev 7 of 8 Next > 滿 here to search
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