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Questions -
Q1 - Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labour-hours. At the beginning of the current year, the company had made the following estimates:
Casting
Customizing
Machine-hours
14,600
12,600
Direct labour-hours
5,200
6,300
Total fixed manufacturing overhead cost
$116,800
$49,770
Variable manufacturing overhead per machine-hour
$1.60
Variable manufacturing overhead per direct labour-hour
$3.10
During the current month the company started and finished Job T138. The following data were recorded for this job:
Job T138:
70
40
14
80
What the amount of overhead applied in the Customizing Department to Job T138?
a. $564.00
b. $69,300.00
c. $880.00
d. $282.00
Q2 - Labour-hours for the upcoming year at 34,700 labour-hours. The estimated variable manufacturing overhead was $6.11 per labour-hour and the estimated total fixed manufacturing overhead was $774,851. The actual labour-hours for the year turned out to be 31,000 labour-hours. What the predetermined overhead rate for the recently completed year?
a. $28.44 per labour-hour
b. $22.33 per labour-hour
c. $6.11 per labour-hour
d. $31.83 per labour-hour
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