Taveras Corporation is currently operating at 50% of its avalable predetermined

Question

Taveras Corporation is currently operating at 50% of its avalable predetermined overhead rabe based on machine-hours. manufacturing capacity. It uses ajooorder costing system with a At the beginning of the year the company made the following Pixed nnufactaring Variable manatactaring overhead cost per machine-hour .830,000 1 Compute the plantwide predetermined overheed rate. 2 During the year, Job P90 was started, completed, and sold to the customer for $4500. The respect to this job: folowing information was avaliable with the sotal manufacturing cost assigned to Job P9O Compute the toca MacBook Air : 0 F1 F2 F3 F4 FS F6 F7 F8

Explanation / Answer

Req. 1)

Plantwide predetermined overhead rate = Total manufacturing fixed overhead / Total production Machine hours

= $5830000 / 265000 = $22 per MH

Req. 2)

The total manufacturing cost of Job P90 =

Direct Material cost $2070 Direct Labor cost 1485 Variable manufacturing overhead (92 * $2/MH) 184 Fixed manufacturing overhead (92 * $22/MH) 2024 Total Manufacturing cost = $5763

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.