342
256) Ryans Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
10,000
Total fixed manufacturing overhead cost
$71,000
Variable manufacturing overhead per machine-hour
$2.50
Recently Job P512 was completed with the following characteristics:
Number of units in the job
30
Total machine-hours
60
Direct materials
$870
Direct labor cost
$2,400
Required:
a. Calculate the predetermined overhead rate for the year.
b. Calculate the amount of overhead applied to Job P512.
c. Calculate the total job cost for Job P512.
d. Calculate the unit product cost for Job P512.
257) Lezo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on 40,000 machine-hours, total fixed manufacturing overhead cost of $136,000,
and a variable manufacturing overhead rate of $2.90 per machine-hour. Job A290, which was for
60 units of a custom product, was recently completed. The job cost sheet for the job contained
the following data:
Total machine-hours
300
Direct materials
$585
Direct labor cost
$7,200
Required:
a. Calculate the estimated total manufacturing overhead for the year.
b. Calculate the predetermined overhead rate for the year.
c. Calculate the amount of overhead applied to Job A290.
d. Calculate the total job cost for Job A290.
d.
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job A290
258) Whitlatch Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on machine-hours. The company based its predetermined
overhead rate for the current year on the following data:
Total machine-hours
60,000
Total fixed manufacturing overhead cost
$342,000
Variable manufacturing overhead per machine-hour
$2.70
Recently Job M238 was completed with the following characteristics:
Number of units in the job
70
Total machine-hours
140
Direct materials
$945
Direct labor cost
$2,800
Required:
Calculate the total job cost for Job M238.
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job M238
259) Obermeyer Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing
overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor-
hour. Job A735, which was for 40 units of a custom product, was recently completed. The job
cost sheet for the job contained the following data:
Total direct labor-hours
200
Direct materials
$540
Direct labor cost
$6,400
Required:
a. Calculate the amount of overhead applied to Job A735.
b. Calculate the total job cost for Job A735.
c. Calculate the unit product cost for Job A735.
b.
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job A735
Total cost of Job A735 (a)
Number of units (b)
Unit product cost (a) ÷ (b)
347
260) Olmscheid Corporation has two manufacturing departments—Molding and Customizing.
The company used the following data at the beginning of the period to calculate predetermined
overhead rates:
Molding
Customizing
Total
Estimated total machine-hours (MHs)
5,000
5,000
10,000
Estimated total fixed manufacturing overhead
cost
$21,000
$14,000
$35,000
Estimated variable manufacturing overhead
cost per MH
$1.50
$2.40
During the period, the company started and completed two jobs—Job F and Job K. There were no
beginning inventories. Data concerning those two jobs follow:
Job F
Job K
Direct materials
$12,700
$6,400
Direct labor cost
$19,100
$7,900
Molding machine-hours
3,400
1,600
Customizing machine-hours
2,000
3,000
Required:
a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate that overhead rate.
b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the amount of manufacturing overhead applied to Job F.
c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the amount of manufacturing overhead applied to Job K.
d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the total manufacturing cost assigned to Job F.
e. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the total manufacturing cost assigned to Job K.
f. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices.
Calculate the selling price for Job F.
g. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices.
Calculate the selling price for Job K.
h. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. If both jobs were sold during the month, what was the company’s cost of
goods sold for the month?
349
261) Cardosa Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on 70,000 machine-hours, total fixed manufacturing overhead cost of $308,000,
and a variable manufacturing overhead rate of $2.10 per machine-hour. Job M556, which was for
50 units of a custom product, was recently completed. The job cost sheet for the job contained
the following data:
Total machine-hours
100
Direct materials
$555
Direct labor cost
$2,700
Required:
a. Calculate the total job cost for Job M556.
b. Calculate the unit product cost for Job M556.
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job M556
b.
Total cost of Job M556 (a)
Number of units (b)
Unit product cost (a) ÷ (b)
351
262) Dietzen Corporation has two manufacturing departments—Casting and Finishing. The
company used the following data at the beginning of the year to calculate predetermined
overhead rates:
Casting
Finishing
Total
Estimated total machine-hours (MHs)
4,000
6,000
10,000
Estimated total fixed manufacturing overhead
cost
$18,000
$18,000
$36,000
Estimated variable manufacturing overhead
cost per MH
$1.50
$2.30
During the most recent month, the company started and completed two jobs—Job D and Job J.
There were no beginning inventories. Data concerning those two jobs follow:
Job D
Job J
Direct materials
$14,300
$6,800
Direct labor cost
$21,700
$8,800
Casting machine-hours
2,700
1,300
Finishing machine-hours
2,400
3,600
Required:
a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the total manufacturing cost assigned to Job D.
b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based
on machine-hours. Calculate the total manufacturing cost assigned to Job J.
263) Posson Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on 20,000 machine-hours, total fixed manufacturing overhead cost of $130,000,
and a variable manufacturing overhead rate of $3.00 per machine-hour. Job K789, which was for
10 units of a custom product, was recently completed. The job cost sheet for the job contained
the following data:
Total machine-hours
30
Direct materials
$775
Direct labor cost
$1,170
Required:
a. Calculate the predetermined overhead rate for the year.
b. Calculate the amount of overhead applied to Job K789.
c. Calculate the total job cost for Job K789.
d. Calculate the unit product cost for Job K789.
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job K789
d.
Total cost of Job K789 (a)
Number of units (b)
Unit product cost (a) ÷ (b)
355
264) Rondo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
30,000
Total fixed manufacturing overhead cost
$252,000
Variable manufacturing overhead per machine-hour
$2.90
Recently Job T506 was completed with the following characteristics:
Number of units in the job
70
Total machine-hours
210
Direct materials
$665
Direct labor cost
$6,720
Required:
a. Calculate the estimated total manufacturing overhead for the year.
b. Calculate the predetermined overhead rate for the year.
c. Calculate the amount of overhead applied to Job T506.
d. Calculate the total job cost for Job T506.
e. Calculate the unit product cost for Job T506.
f. Calculate the selling price for Job T506 if the company marks up its unit product costs by 20%.
357
265) Leadley Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on direct labor-hours. The company based its predetermined overhead rate
for the current year on the following data:
Total direct labor-hours
10,000
Total fixed manufacturing overhead cost
$76,000
Variable manufacturing overhead per direct labor-
hour
$2.10
Recently Job X701 was completed with the following characteristics:
Number of units in the job
90
Total direct labor-hours
270
Direct materials
$590
Direct labor cost
$6,480
Required:
a. Calculate the estimated total manufacturing overhead for the year.
b. Calculate the predetermined overhead rate for the year.
c. Calculate the amount of overhead applied to Job X701.
d. Calculate the total job cost for Job X701.
359
266) Pasko Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on direct labor-hours. The company based its predetermined overhead rate
for the current year on the following data:
Total direct labor-hours
30,000
Total fixed manufacturing overhead cost
$258,000
Variable manufacturing overhead per direct labor-
hour
$2.00
Recently Job P660 was completed with the following characteristics:
Number of units in the job
50
Total direct labor-hours
250
Direct materials
$645
Direct labor cost
$10,000
Required:
Calculate the selling price for Job P660 if the company marks up its unit product costs by 20%.
