need help on this one..please show as much work as possible so I


Question Description:

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need help on this one..please show as much work as possible so I can grasp the concept of where each of the number s are coming from . fallsCH.docx The Gilster Company, a machine tooling firm, has several plants. One plant, located in S Minnesota, uses a job order costing system for its batch production processes. The St. Fa has two departments through which most jobs pass. Plantwide overhead, which includes manager’s salary, accounting personnel, cafeteria, and human resources, is budgeted at $ During the past year, actual plantwide overhead was $190,000. Each department’s o consists primarily of depreciation and other machine-related expenses. Selected budge actual data from the St. Falls plant for the past year are as follows: Departme nt A Budgete d departme nt overhead (exclu des plantwide overhead) Actual departme nt overhead Expected activity: Direct labor hours Machin e-hours Actual activity: Direct labor hours Machin e-hours $ Department B 100,000 $ 500,000 110,000 520,000 50,000 10,000 10,000 50,000 51,000 9,000 10,500 52,000 For the coming year, the accountants at St. Falls are in the process of helping the sales for for several jobs. Projected data pertaining to job no. 110 are as follows: Direct $ 20,000 materials Direct labor cost: Depart ment A 30,000 (2,000 hr) Depart ment B 6,000 (500 hr) Machinehours projected: Depart 100 ment A Depart 1,200 ment B Units 10,000 produced Assume the St. Falls plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. Find the overhead rate by using expected direct labor hours. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Overhead rate $ per direct labor hour Determine the projected amount of total manufacturing costs per unit for the units in job no. 110. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Manufacturing costs for Job 110 $ per unit Calculate plantwide overhead rate using Machine Hours on projected manufacturing costs (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Plantwide overhead rate $ per machine hour Calculate two separate department overhead rates using Machine Hours on projected costs for job no. 110. (Omit the "$" sign in your response.) Overhead rate—Department A Overhead rate—Department B $ per machine hour $ per machine hour Recalculate the projected manufacturing costs for job no. 110 using three separate rates: one rate for plantwide overhead and two separate department overhead rates, all based on machinehours. (Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Total cost $ per unit The sales policy at St. Falls dictates that job bids be calculated by adding 30 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a ? (Omit the "$" sign in your response.) Bid price $ The sales policy at St. Falls dictates that job bids be calculated by adding 30 percent to to manufacturing costs. What would be the bid for job no. 110 using the overhead rate from p b ? (Omit the "$" sign in your response.) Bid price $ Using the allocation rates in part b, compute the under- or overapplied overhead for Falls plant for the year. (Round your intermediate calculations to 2 decimal place final answer to the nearest dollar amount. Omit the "$" sign in your response.) Over applied = $____________________ ? Read more

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