Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job ordercosting system for its batch production processes. The Saint Cloud plant has two departments through which most jobspass. Plantwide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and humanresources, is budgeted at $360,000. During the past year, actual plantwide overhead was $340,000. Each department'soverhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data fromthe Saint Cloud plant for the past year are as follows:Budgeted department overhead(excludes plantwide overhead)Actual department overheadExpected total activity:Direct labor hoursMachine-hoursActual activity:Direct labor hoursMachine-hoursDepartment A Department B$ 100,000 $ 282,000120,000302,00038,00020,00020,00047,00039,00018,70020,80049,000McGrawHillFor the coming year, the accountants at the Saint Cloud plant are in the process of helping the salesforce create bids forseveral jobs. Projected data pertaining only to job number 110 are as follows:Direct materialsDirect labor cost:Department A (2,800 hours)Department B (1,500 hours)Machine-hours projected:Department ADepartment BUnits produced$ 25,00042,00014,0001701,2009,000Assume the Saint Cloud plant uses three separate overhead rates to assign overhead costs to jobs.b-1. Find the plant wide overhead rate by using expected machine hours.b-2. Find the department overhead rate using expected machine hours for Department A and Department B.b-3. Calculate the projected manufacturing costs per unit for job 110 using the three separate rates computed.< Prev2 3 46of 6Next >MC@2#$3465%&688*17890Wertu

Name: Jasper Company, a machine tooling firm, has several plants. One plant
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Jasper Company, a machine tooling firm, has several plants. One plant, located in Saint Cloud, Minnesota, uses a job ordercosting system for its batch production processes. The Saint Cloud plant has two departments through which most jobspass. Plant