Business
Business, 16.12.2019 20:31, kimly47

The gilster company, a machine tooling firm, has several plants. one plant, located in st. falls, minnesota, uses a job order costing system for its batch production processes. the st. falls plant has two departments through which most jobs pass. plantwide overhead, which includes the plant manager’s salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. during the past year, actual plantwide overhead was $195,000. each department’s overhead consists primarily of depreciation and other machine-related expenses. selected budgeted and actual data from the st. falls plant for the past year are as follows: department a department b budgeted department overhead (excludes plantwide overhead) $ 169,000 $ 504,000 actual department overhead 135,000 519,000 expected activity: direct labor hours 34,000 10,000 machine-hours 13,000 42,000 actual activity: direct labor hours 35,500 9,200 machine-hours 13,500 44,000 for the coming year, the accountants at st. falls are in the process of the sales force create bids for several jobs. projected data pertaining to job no. 110 are as follows: direct materials $ 16,000 direct labor cost: department a (2,000 hr) 37,000 department b (500 hr) 9,000 machine-hours projected: department a 130 department b 1,200 units produced 9,000 section breakcomprehensive problem 5chapter 16: management accounting: a business partnerchapter 17: job order cost systems and overhead allocationschapter 18: process costingchapter 19: costing and the value chainchapter 20: cost-volume-profit analysischapter 21: incremental analysis1.comprehensive problem 5 part aa.1 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 houra.2 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 unit2.comprehensive problem 5 part bb.1 calculate plantwide overhead rate using machine hours on projected manufacturing costs for job no. 110. (round your answer to 2 decimal places. omit the "$" sign in your response.) plantwide overhead rate $ per machine hourb.2 calculate two separate department overhead rates using machine hours on projected manufacturing costs for job no. 110. (round your answers to 1 decimal place. omit the "$" sign in your response.) overhead rate—department a $ per machine hour overhead rate—department b $ per machine hourb.3 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 machine-hours. (round your intermediate calculations and final answer to 2 decimal places. omit the "$" sign in your response.) total cost $ per unit3.comprehensive problem 5 part cc.1 the sales policy at st. falls dictates that job bids be calculated by adding 22 percent to total manufacturing costs. what would be the bid for job no. 110 using the overhead rate from part a ? (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.) bid price $c.2 the sales policy at st. falls dictates that job bids be calculated by adding 22 percent to total manufacturing costs. what would be the bid for job no. 110 using the overhead rate from part b ? (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.) bid price $c.3 which of the overhead allocation methods would you recommend ? overhead rate by direct labor hoursoverhead rate by machine hours4.comprehensive problem 5 part dd. using the allocation rates in part b, compute the under- or overapplied overhead for the st. falls plant for the year. (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.)

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The gilster company, a machine tooling firm, has several plants. one plant, located in st. falls, mi...

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