FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $21.00 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 69,500 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost ? 2 ? $ 2,926,000 $ 483,400 627,900 418,600 $ 1,529,900 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Required 2 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places:)
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Transcribed Image Text:Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $21.00 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 69,500 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost ? 2 ? $ 2,926,000 $ 483,400 627,900 418,600 $ 1,529,900 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Required 2 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places:)
Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) $ 483,400 1,459,500 973,000 $ 2,915,900 Direct materials Direct labor Manufacturing overhead applied Total job cost < Required 1 Required 2 >
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Transcribed Image Text:Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) $ 483,400 1,459,500 973,000 $ 2,915,900 Direct materials Direct labor Manufacturing overhead applied Total job cost < Required 1 Required 2 >
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