Braegelmann Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
During the current month the company started and finished Job K246. The following data were recorded for this job:
Required:a. Calculate the estimated total manufacturing overhead for the Casting Department.b. Calculate the estimated total manufacturing overhead for the Assembly Department.c. Calculate the predetermined overhead rate for the Casting Department.d. Calculate the predetermined overhead rate for the Assembly Department.e. Calculate the amount of overhead applied in the Casting Department to Job K246.f. Calculate the amount of overhead applied in the Assembly Department to Job K246.g. Calculate the total job cost for Job K246.h. Calculate the selling price for Job K246 if the company marks up its unit product costs by 40% to determine selling prices.

Question

Braegelmann Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
  During the current month the company started and finished Job K246. The following data were recorded for this job:
  Required:a. Calculate the estimated total manufacturing overhead for the Casting Department.b. Calculate the estimated total manufacturing overhead for the Assembly Department.c. Calculate the predetermined overhead rate for the Casting Department.d. Calculate the predetermined overhead rate for the Assembly Department.e. Calculate the amount of overhead applied in the Casting Department to Job K246.f. Calculate the amount of overhead applied in the Assembly Department to Job K246.g. Calculate the total job cost for Job K246.h. Calculate the selling price for Job K246 if the company marks up its unit product costs by 40% to determine selling prices.

Quizplus · Accepted Answer

The Answer of Braegelmann Corporation has two production departments, Casting and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
  During the current month the company started and finished Job K246. The following data were recorded for this job:
  Required:a. Calculate the estimated total manufacturing overhead for the Casting Department.b. Calculate the estimated total manufacturing overhead for the Assembly Department.c. Calculate the predetermined overhead rate for the Casting Department.d. Calculate the predetermined overhead rate for the Assembly Department.e. Calculate the amount of overhead applied in the Casting Department to Job K246.f. Calculate the amount of overhead applied in the Assembly Department to Job K246.g. Calculate the total job cost for Job K246.h. Calculate the selling price for Job K246 if the company marks up its unit product costs by 40% to determine selling prices.

Braegelmann Corporation Has Two Production Departments, Casting and Assembly