Heroux Corporation has two manufacturing departments-Forming and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingCustomizingTotalEstimated total machine-hours (MHs) 3,000 7,000 10,000Estimated total fixed manufacturing overhead cost$16,500$20,300$36,800Estimated variable manufacturing overhead cost per MH$1.70$2.50 During the most recent month, the company started and completed two jobs-Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job AJob HDirect materials$12,800$6,700Direct labor cost$24,300$7,800Forming machine-hours 2,000 1,000Customizing machine-hours 2,800 4,200Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. The amount of manufacturing overhead applied to Job A is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $16,632
B. $11,880
C. $17,664
D. $28,512
Answer: D
You might also like to view...
What types of companies can have a compilation performed in accordance with the AICPA standards?
a. Public Companies: Yes; Nonpublic Companies: Yes b. Public Companies: No; Nonpublic Companies: No c. Public Companies: No; Nonpublic Companies: Yes d. Public Companies: Yes; Nonpublic Companies: No
Background checks are needed to help prevent ______ hires.
A. negligent B. unreliable C. invalid D. unassessed
When she is not working, Sugi trains to run marathons. She wishes she had more time to travel to various races but work keeps her busy. Kevin does not want time off work. He needs to earn as much overtime as possible to pay off his college loans. The company recently offered either a week’s pay or a week off as the bonus to the salesperson who made the most sales. Both Sugi and Marcus worked hard to win. Which advantage of individual incentives does this illustrate?
A. They make it easy to evaluate individual employees. B. They offer the ability to match rewards to employee desires. C. They promote the link between performance and results. D. They may motivate less productive employees to work harder.
Rubin Installations Company uses the direct method to prepare its statement of cash flows
Rubin has reported cost of goods sold of $95,000 on its income statement for 2017. If the balance in the Merchandise Inventory account decreased by $6,000 during the year, then $6,000 needs to be added to $95,000 to calculate payments to suppliers for inventory purchases. Indicate whether the statement is true or false