Net Play Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department A, direct labor hours in Department B, and machine hours in Department C.
In establishing the predetermined overhead rates for 2014, the following estimates were made for the year.
| Department | |||
| A | B | C | |
| Manufacturing verhaad | $720,000 | $640,000 | $900,000 |
| Direct labor cost | $600,000 | $100,000 | $600,000 |
| Direct labor hours | 50,000 | 40,000 | 40,000 |
| Machine urs ho | 100,000 | 120,000 | 150,000 |
During January, the job cost sheets showed the following costs and production data.
| Department | |||
| A | B | C | |
| Direct materials used | $92,000 | $86,000 | $64,000 |
| Direct labor cost | $48,000 | $35,000 | $50,400 |
| Manufacturing overhead incurred | $60,000 | $60,000 | $72,100 |
| Direct labor hours | 4,000 | 3,500 | 4,200 |
| Machine hours | 8,000 | 10,500 | 12,600 |
Instructions
(a)Compute the predetermined overhead rate for each department.
(b)Compute the total manufacturing costs assigned to jobs in January in each department.
(c)Compute the under- or overapplied overhead for each department at January 31.
part one For this assignment you are to to watch: Shattered Glass Write a two…
Standard Project - WebServers. Instruction attached. Need all requirements, you do not have to make…
Read classmates post and respond with 100 words:The International Categorization of Diseases, Tenth Revision, Clinical…
Most Americans have at least 1 issue that is most important to them. Economic issues…
For this assignment, you are the court intake processor at a federal court where you…
Use a standard outline format to lay out how you are going to write your…