Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $ 60 per machine hour, while the Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour. Job 603 used the following direct labor hours and machine hours in the two departments:
Direct labor hours usedAssembly Department - 8
Sanding Department - 5
Machine hours used
Assembly Department - 10Sanding Department - 7
The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.
What was the total cost of Job 603 if James Industries used the departmental overhead rates to allocate manufacturing overhead?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Basic scientific research is research that may not have immediate commercial application, but has the potential to contribute to a diverse set of commercial applications in the future.
Answers (1)
Vesting refers to the right of the holder of an insurance policy to collect for an insurable event. the shielding of returns on whole life policies from taxation.
Answers (1)
Sunset Oil is a large oil drilling company off the Gulf Coast. They want to expand their drilling area and are receiving a great deal of push back from the local community. It will now be on the ballot at the next election.
Answers (1)
Brad is planning a business trip. He has bought new clothes for the trip, and his company has arranged for transportation. In economics, what is the term used to describe the clothes and transportation? A. resources B. wants and needs C.
Answers (1)
All of the following are factors in the fraud triangle except A. Ethical behavior of an individual B. Materiality of the assets C. Opportunity to gain access to assets D. Pressure exerted on an individual at home and job related
Answers (1)
New Questions in Business
What will the federal government (federal reserve bank) do in an attempt to encourage saving and investing?
Answers (1)
As the prices in markets change, buyers and sellers respond in different ways according to how much time they have to react. Match the time period to its correct description.
Answers (1)
The basic problem with the average-cost approach is that it: A. does not consider cost variations at different levels of output. B. does not consider historical values. C. does not add a reasonable markup to the average cost of a product. D.
Answers (1)
The law of supply and demand asserts that
Answers (1)
Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-fact situations.
No Answers