Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all...
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Accounting
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year-Job Z Budgeted Data Manufacturing overhead costs Direct labor hours Machine hours Assembly Fabrication $ 300,000 $ 400,000 25,000 15, 10,000 50,000 Actual Data Manufacturing overhead costs Direct labor hours Machine hours Assembly $ 330,000 27,000 10,500 Fabrication $ 380,000 16,000 48,000 Job 2 Direct labor hours Machine hours Assembly 10 hours 1 hour Fabrication 2 hours 7 hours if the company uses a plantwide approach for applying overhead to production with machine hours as the allocation base the company's plantwide predetermined overhead tate is closest to O $12.44 $12.14 O O $11.67 O $11.44
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