Madole Corporation Has Two Production Departments,Forming and Customizing

Essay

Madole Corporation has two production departments,Forming and Customizing.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year,the company had made the following estimates:
During the current month the company started and finished Job K973.The following data were recorded for this job:
Required:
a.Calculate the estimated total manufacturing overhead for the Forming Department.
b.Calculate the predetermined overhead rate for the Customizing Department.
c.Calculate the total overhead applied to Job K973 in both departments.