Please do not give solution in image format thanku Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overheadcosts to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set ofdata relates to one particular job completed during the year-Job Bravo.Estimated DataFabricationTotalManufacturing overhead costs$ 3,230,000$6,080,000Direct labor-hoursMachine-hoursJob BravoDirect labor-hours 20Machine-hoursAssembly$ 2,850,000Assembly Fabrication Total321295,00038,00012152757,000190,000152,000228,000Required:1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overheadwould be applied to Job Bravo?2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly andmachine-hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo?(Round your intermediate calculations to 2 decimal places.)

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Description: Please do not give solution in image format thanku Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overheadcosts to be fixed costs. The first set of data that is shown below is base

Overhead applied means the amount of overhead estimated to be incurred by the entity during a…

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Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. Estimated Data Fabrication Total $3,230,000 $6,080,000 152,000 Assembly Manufacturing overhead costs $2,850,000 Direct labor-hours Machine-hours Machine-hours 95,000 Job Bravo Assembly Fabrication Total Direct labor-hours 20 32 12 38,000 12 15 27 57,000 190,000 228,000 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo? (Round your intermediate calculations to 2 decimal places.)

Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. Estimated Data Fabrication Total $3,230,000 $6,080,000 152,000 Assembly Manufacturing overhead costs $2,850,000 Direct labor-hours Machine-hours Machine-hours 95,000 Job Bravo Assembly Fabrication Total Direct labor-hours 20 32 12 38,000 12 15 27 57,000 190,000 228,000 Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication, how much manufacturing overhead would be applied to Job Bravo? (Round your intermediate calculations to 2 decimal places.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be 3,150,000, and total direct labor costs would be 1,800,000. During February, the actual direct labor cost totalled 160,000, and factory overhead cost incurred totaled 283,900. a. What is the predetermined factory overhead rate based on direct labor cost? b. Journalize the entry to apply factory overhead to production for February. c. What is the February 28 balance of the account Factory OverheadBlending Department? d. Does the balance in part (c) represent over- or underapplied factory overhead?
Rockford Company has four departmental accounts: Building Maintenance, General Factory Overhead, Machining, and Assembly. The direct labor hour method is used to apply factory overhead to the jobs being worked on in Machining and Assembly. The company expects each production department to use 30,000 direct labor hours during the year. The estimated overhead rates for the year include the following: During the year, both Machining and Assembly used 28,000 direct labor hours. Factory overhead costs incurred during the year follow: In determining application rates at the beginning of the year, cost allocations were made as follows, using the sequential distribution method: Building Maintenance to: General Factory Overhead, 10%; Machining, 50%; Assembly, 40%. General factory overhead was distributed according to direct labor hours. Required: Determine the under- or overapplied overhead for each production department. (Hint: First you must distribute the service department costs.)
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
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