: 100% Sep 26 12:03 AM W Chapter 2 Help Save&ExitSubmit Check my work Hahn Compa

ID: 2340649 • Letter: #

Question

: 100% Sep 26 12:03 AM W Chapter 2 Help Save&ExitSubmit Check my work 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 $15 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below Direet materials Direct labor Nanufacturing overhead applied Total job coat 1,533,500 Direct materials Direet labor Nanafacturing overhead applied Total job cost s 235,000 345,000 184 000 764 000 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 B0 , 888, 8 9 3 4 5

Explanation / Answer

Answer:

Direct labor hours used by Job-Omega

= 345000/15

=23,000 hours

Plant wide predetermined overhead rate

= manufacturing overhead applied/Direct labor hours

=184,000/23000

=$ 8 Per DLH

________________________________________________

Job Alpha

Direct materials (1533500-817500-436000)

280,000

Direct labor (54500*15)

817500

Manufacturing overhead applied (54500*8)

436000

Total job cost

1,533,500