Exercisc D4-11 Wateraay Corporation produces wooden and aluminum basebal bats. I
ID: 2399407 • Letter: E
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Exercisc D4-11 Wateraay Corporation produces wooden and aluminum basebal bats. In preparirg the ci.rrent budget, wateway's maragement esrimated a total of 55,00U in manufatturing overhaad ccsts and 11,300 mochins hours for the comina eer. In December, Waterway's sccountarts reported attuel manufacturing overhead noured or s582,000 and 13,000 machine hours used during the year. Waterway appliesoverhead based on machine hours What was Waterways prcdetermined ovcrhead rate for the yoar? How much manutocturing averhead cid Waterway aoply during the year? ppled uverhead Sur land Compery marufucture a lime of lightweight ru"mry st?ues. CEO Mark Sunlarc es umsted thet the company would incur $2.803,600 in manufacturing overhead dining the coming year. Additionally, ha estimated th?company would aperata at laval requiring 215,000 direct labor haut; and 476,003 mecr1r1?hours. Assume that Sunlan??? Company uses drect labor hairasits rmufacturing overhead application hase. Calculate the company's predetermined owerheud rate. (Round answer to 2 decimal places, e.g. 52.75.) Compern 's predetermined cverhead rate Assume that job q275 required 4UC direct labor hours to complete. How much mar ufacturing overhead snuuld be applied to the job? (Round ?nswer to 0 decimaf pMaces, .g. 5,275.) Manufacturing overhcad appicd company's predetermined overhead Assume that Sunland Company uses m dne hours as its marufacturing overhead application base. Calculate tn rate, (Round answer to 2 decimal places, eg. 52.75.) Campany's predatenined avarhead ata Assume that job 4375 required 640 mechire hours to complete. How much manufactuning overhead should be applied to the job? (Round answer to 0 decima places, c.g.5,275.) Marufacturing overhead applied Exercise D4-15 5heffiel Sartswaar manufa tures a line ofspeciaty T-shirts using a jah arder castin9 system. Tn March the company incurred th? following costs to cumplete Jo ICU2: direct materias, $13,PU0, and direct lubor, $4,000. The company also incurred $1,460 of administrative costs und $5,200 of selling costs to complete this ahlb oUZ required 820 machine hcs. Facory avarhead was applied to the jah ar a rate or$5 machine hour. Ir toh 1CU2 resulted in 6,600 goad shirts, what was the cost af goods scld per shirt?(Round ansar to 2 dacimal places, .g. 3.54.) Cost per hirt Exercise D4-20 Ongle Music Corripdny makes custom murrrbas ?nd xylophones. Since much or the work un these musical instruments is done by hdnd. tne cump?ny uses diact labor hours as its manufactiuring certaad application hasa. Tha compary'sanal hdgated oerhaad coats far 73,200 diract labar hours tctaled $585,500. (a) Assume that during the year, the company incurred manufactunng cverhead totaling 587,00 tor 73,200 drect labor hours. By how much was manufacturing overhead urder- or overacplied for the vear? (Enter nagative amount using either a negative sign preceding the number C.g. -45 or parentheses e.g.(45).) Ovehead (b) Assume that during the year, the company incurred manfacturing cverhead totaling $587,000 or 74,850 drect labor hors, By how much was manufacturing overhead urder- cr overapplicd for the year? (Enter negative amount using either a ncgative sign preceding the nuwnber .g. -45 or parentheses e.g. (45)) Ovehead (c) Assuma that curing the ycar, the cempany incurred marufacturing overhead totaling s60o,000 for 74,850 direct labor hours. By how much wS manufacturirg overheed under- or cverapplied for the year? (Enter negative amount using either a negative sign preceding the number C.g.-45 or paenthescs c.g (45).) OverheedExplanation / Answer
Solution D4-11:
Predetermined overhead rate = Budgeted manufacturing overhead / Budgeted machine hours
= $565,000 / 11300 = $50 per machine hour
Actual machine hour = 13000
Applied manufacturing overhead = Actual machine hours * Predetermined overhead rate = 13000 * $50 = $650,000
Solution D4-12:
Predetermined overhead rate basis direct labor hour = Budgeted manufacturing overhead / Budgeted labor hours
= $2,803,600 / 215000 = $13.04 per direct labor hour
Manufacturing overhead applied to Job 4375 = Direct labor hours for Job 4375 * Predetermined overhead rate
= 400 * $13.04 = $5,216
Predetermined overhead rate basis machine hours = Budgeted manufacturing overhead / Budgeted machine hours
= $2,803,600 / 476803 = $5.88 per machine hour
Manufacturing overhead applied to Job 4375 = Machine hours for Job 4375 * Predetermined overhead rate
= 640 * $5.88 = $3,763
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