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What is the total cost of project wimbledon

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Reference no: EM132977972

Question - Tennis Co. manufactures tennis rackets and balls. In June, the two production departments had budgeted allocation bases of 10,200 machine-hours in Rackets and 4,800 direct manufacturing machine-hours in tennis balls. The budgeted manufacturing overheads for the month were $219,300 and $74,880, respectively. For Project Wimbledon, the actual costs incurred in the two departments were as seen in the table below.

Paddle Table

Direct materials purchased on account $90,000 $180,500

Direct materials used 41,300 12,300

Direct manufacturing labor 21,300 43,200

Indirect manufacturing labor 9,800 8,200

Indirect materials used 5,200 6,750

Lease on equipment 8,100 1,750

Utilities 880 1,350

Project Wimbledon incurred 1,100 machine-hours in Tennis racket and 300 manufacturing machine-hours in Tennis balls. The company uses a budgeted overhead rate for applying overhead to production.

What is the budgeted manufacturing overhead rate for each department.

Prepare the journal entries for the tennis racket department and the tennis ball department.

What is the total cost of Project Wimbledon?

Reference no: EM132977972

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