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Boward Corporation has two production departments, Milling and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Milling 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: Boward Corporation has two production departments, Milling and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Milling 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 T818.The following data were recorded for this job: The total amount of overhead applied in both departments to Job T818 is closest to: A) $1,651 B) $608 C) $435 D) $1,043 During the current month the company started and finished Job T818.The following data were recorded for this job: Boward Corporation has two production departments, Milling and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Milling 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 T818.The following data were recorded for this job: The total amount of overhead applied in both departments to Job T818 is closest to: A) $1,651 B) $608 C) $435 D) $1,043 The total amount of overhead applied in both departments to Job T818 is closest to:


A) $1,651
B) $608
C) $435
D) $1,043

E) None of the above
F) All of the above

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Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the most recently completed year appear below: Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the most recently completed year appear below: The predetermined overhead rate for the recently completed year was closest to: A) $25.37 per machine-hour B) $27.13 per machine-hour C) $6.76 per machine-hour D) $20.37 per machine-hour The predetermined overhead rate for the recently completed year was closest to:


A) $25.37 per machine-hour
B) $27.13 per machine-hour
C) $6.76 per machine-hour
D) $20.37 per machine-hour

E) A) and D)
F) All of the above

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The estimated total manufacturing overhead is closest to:


A) $416,003
B) $248,000
C) $664,000
D) $416,000

E) A) and B)
F) B) and D)

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Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.The calculated selling price for Job A is closest to:


A) $27,595
B) $87,752
C) $82,785
D) $55,190

E) A) and B)
F) None of the above

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The total job cost for Job P951 is closest to:


A) $4,540
B) $4,755
C) $1,295
D) $5,295

E) C) and D)
F) B) and D)

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The predetermined overhead rate for the Forming Department is closest to:


A) $5.70 per machine-hour
B) $7.70 per machine-hour
C) $2.00 per machine-hour
D) $18.70 per machine-hour

E) B) and C)
F) A) and C)

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If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to:


A) $5,042.00
B) $4,584.00
C) $3,820.00
D) $764.00

E) C) and D)
F) All of the above

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The total job cost for Job X455 is closest to:


A) $3,972
B) $1,732
C) $3,180
D) $3,032

E) A) and B)
F) B) and D)

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The predetermined overhead rate for the Casting Department is closest to:


A) $9.70 per machine-hour
B) $7.60 per machine-hour
C) $2.10 per machine-hour
D) $27.71 per machine-hour

E) B) and D)
F) A) and D)

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The estimated total manufacturing overhead is closest to:


A) $315,000
B) $252,000
C) $252,002
D) $63,000

E) A) and D)
F) A) and C)

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Bassett Corporation has two production departments, Milling and Customizing.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing 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: Bassett Corporation has two production departments, Milling and Customizing.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing 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: The predetermined overhead rate for the Milling Department is closest to: A) $19.00 per machine-hour B) $2.10 per machine-hour C) $9.50 per machine-hour D) $7.40 per machine-hour The predetermined overhead rate for the Milling Department is closest to:


A) $19.00 per machine-hour
B) $2.10 per machine-hour
C) $9.50 per machine-hour
D) $7.40 per machine-hour

E) B) and C)
F) A) and B)

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Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The amount of manufacturing overhead applied to Job B is closest to:


A) $31,392
B) $27,480
C) $39,240
D) $7,848

E) A) and B)
F) C) and D)

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Pebbles 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: Pebbles 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: During the most recent month, the company started and completed two jobs--Job A and Job L.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The total manufacturing cost assigned to Job L is closest to: A) $9,600 B) $6,200 C) $28,904 D) $13,104 During the most recent month, the company started and completed two jobs--Job A and Job L.There were no beginning inventories.Data concerning those two jobs follow: Pebbles 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: During the most recent month, the company started and completed two jobs--Job A and Job L.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The total manufacturing cost assigned to Job L is closest to: A) $9,600 B) $6,200 C) $28,904 D) $13,104 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The total manufacturing cost assigned to Job L is closest to:


A) $9,600
B) $6,200
C) $28,904
D) $13,104

E) A) and D)
F) A) and C)

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The predetermined overhead rate is closest to:


A) $1.80 per direct labor-hour
B) $5.50 per direct labor-hour
C) $9.20 per direct labor-hour
D) $3.70 per direct labor-hour

E) B) and C)
F) A) and B)

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The predetermined overhead rate for the Finishing Department is closest to:


A) $8.80 per direct labor-hour
B) $3.98 per direct labor-hour
C) $12.60 per direct labor-hour
D) $3.80 per direct labor-hour

E) All of the above
F) B) and C)

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The estimated total manufacturing overhead is closest to:


A) $120,000
B) $96,003
C) $96,000
D) $216,000

E) All of the above
F) B) and D)

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Bernson Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $492,000 and 30,000 machine-hours for the period.The company incurred actual total fixed manufacturing overhead of $517,000 and 28,300 total machine-hours during the period.The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:


A) $464,120
B) $492,000
C) $487,703
D) $25,000

E) All of the above
F) C) and D)

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The unit product cost for Job P978 is closest to:


A) $176.60
B) $157.00
C) $44.60
D) $44.15

E) A) and B)
F) B) and C)

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The predetermined overhead rate is closest to:


A) $8.30 per machine-hour
B) $11.40 per machine-hour
C) $5.20 per machine-hour
D) $3.10 per machine-hour

E) A) and D)
F) All of the above

Correct Answer

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The appeal of using multiple departmental overhead rates is that they presumably provide a more accurate accounting of the costs caused by jobs.

A) True
B) False

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