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Asked by Neupane Saroj on May 29, 2024

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Carcana Corporation has two manufacturing departments--Machining and Finishing.The company used the following data at the beginning of the period to calculate predetermined overhead rates: Carcana Corporation has two manufacturing departments--Machining and Finishing.The company used the following data at the beginning of the period to calculate predetermined overhead rates: During the period, the company started and completed two jobs--Job E and Job G.Data concerning those two jobs follow: Required: a.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Machining department? b.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Finishing department? c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E? d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job G? e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job G. g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.If both jobs were sold during the month, what was the company's cost of goods sold for the month? During the period, the company started and completed two jobs--Job E and Job G.Data concerning those two jobs follow: Carcana Corporation has two manufacturing departments--Machining and Finishing.The company used the following data at the beginning of the period to calculate predetermined overhead rates: During the period, the company started and completed two jobs--Job E and Job G.Data concerning those two jobs follow: Required: a.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Machining department? b.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Finishing department? c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E? d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job G? e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job G. g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.If both jobs were sold during the month, what was the company's cost of goods sold for the month? Required:
a.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Machining department?
b.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Finishing department?
c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E?
d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job G?
e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job E.
f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices.Calculate the selling price for Job G.
g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.If both jobs were sold during the month, what was the company's cost of goods sold for the month?

Departmental Overhead Rates

Specific overhead rates calculated for different departments within a company, reflecting the unique costs each department incurs.

Machine-Hours

A measure of production output or activity based on the number of hours machines are operating.

Manufacturing Overhead

All manufacturing costs that are not direct materials or direct labor, including indirect expenses like maintenance and utilities.

  • Calculate and apply departmental predetermined overhead rates.
  • Understand the difference between plantwide and departmental predetermined overhead rates.
  • employ manufacturing expense data to set selling prices with the use of markup percentages.
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Jaylen CoferhiBmlMay 31, 2024
Final Answer :
a.Machining Department predetermined overhead rate: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. b.Finishing Department predetermined overhead rate: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. c.Manufacturing overhead applied to Job E: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. d.Manufacturing overhead applied to Job G: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. e.The selling price for Job E would be calculated as follows: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. f.The selling price for Job G would be calculated as follows: a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g. g. a.Machining Department predetermined overhead rate: b.Finishing Department predetermined overhead rate: c.Manufacturing overhead applied to Job E: d.Manufacturing overhead applied to Job G: e.The selling price for Job E would be calculated as follows: f.The selling price for Job G would be calculated as follows: g.

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