Kauler Industries, a family-run small manufacturer, has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: (Click the icon to view activities, total MOH costs, and cost drivers.) During May, Evan and Allison Kauler machined and assembled Job 553. Evan worked a total of 13 hours on the job, while Allison worked 5 hours on the job. Evan is paid a $23 per hour wage rate, while Allison is paid $29 per hour because of her additional experience level. Direct materials requisitioned for Job 553 totalled $1,250. The following additional information was collected on Job 553: the job required 2 machine set-ups, 6 machine hours, and 3 quality control tests. 1. Compute the activity cost allocation rates for the year. 2. Complete the job cost record for Job 553. Requirement 1. Compute the activity cost allocation rates for the year. First, determine the formula to compute the allocation rate for the activity-based cost rate, and then calculate the rate for each activity. (Round your answers to the nearest whole dollar.) Show Transcribed Text Activity Machine set-up ... 2 Activities, total MOH costs, and cost drivers S Estimated Total Manufacturing Overhead Costs 168,000 Estimated Total Usage of Cost Driver 3,300 set-ups Activity cost allocation rate - Xx

The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output Fixed overhead coat Variable overhead cost per direct labor-hour Required: 1. Compute the predetermined overhead rate. 2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: Direct materials Direct labor cost Direct labor-bours used Compute Mr. Wilkes' total job cost. 3. If Speedy establishes its selling prices using a markup percentage of 40% of its total job cost, then how much would it have charged Mr. Wilkes? Required 1 Required 2 $ 703 $317 . Complete the question by entering your answers in the tabs given below. Overhead applied Total cost assigned to Mr. Wilkes 22,000 $ 253,000 $ 1.00 Required 3 Compute Mr. Wilkes' total job cost. (Round your intermediate calculations to…

You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials. You will keep track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet.The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The total estimated manufacturing overhead costs per month is $6,300. The company estimates that there will be 120 direct labor hours worked during the month.1 - What is the predetermined overhead rate (POHR)?Data 2: The cost of the direct materials that can be used to manufacture the table are as follows. Table Top $2,200Table legs, quantity 4 ($750 per leg)$3,000Drawer$420 Data 3: Assume a $70 per…

Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Direct materials Direct labor Manufacturing overhead costs Machine-hours $1,160 some other amount What is the bid price for the Case High School job if the company uses a 40% markup of total manufacturing costs? $4,746 $4,060 Company $55,000 $22,000 $49.000 70,000 mh $1.356 Case High School Job $2,300 $600 700 mh