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Bierce Corporation has two manufacturing departments-Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

Machining

6,000

$ 16,200

$ 2.60

Finishing

4,000

$ 24,400

$ 5.00

total

$10,000

$40,600

Estimated total machine-hours (MHs)

Estimated total fixed manufacturing overhead cost

Estimated variable manufacturing overhead cost per MH

During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories.

Data concerning those two jobs follow:

Direct materials

Direct labor cost

Machining machine-hours

Finishing machine-hours

Job B

$

13,700

$ 20,800

3,500

2,500

Job K

$ 7,700

$ 7,600

2,500

1,500

Required:

1. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.)
2. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B. (Do not round intermediate calculations.)
3. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
4. 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? (Round your answer to 2 decimal places.)
5. 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? (Round your answer to 2 decimal places.)
6. 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 B? (Do not round intermediate calculations.)
7. 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 K? (Do not round intermediate calculations.)

Bierce Corporation has two manufacturing departments-Machining and Finishing. The company used the following dota at the beginning of the year to calculate predetermined overhead rates: shing4,00024,40055.00 During the most recent month, the company started and completed two jobs-Job 8 and Job K. There were no beginning inventorles. Data concerning those two jobs follow: Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on mochine-hours. Colculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a planhwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overheod applied to Job B. (Do not round intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours, Calculate the amount of manufacturing overhead opplied to Job K. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) departments. What is the departmental predetermined overhead rate in the Machining department? (Round your answer to 2 decimal places.) e. Assume that the company uses departmenta/predetermined overhead rates with machine-hours as the allocation baso in both aroduction departments. What is the departmontal predetermined overhead rate in the Finishing department? (Round your answer to 2 decimal places.) 1. Assume that the company uses departmental predetermined overnead rotes with machine-hours as the allocotion base in both production departments. How much manufacturing overhead will be applied to Job B? (Do not round intermediate calculations.) 9. Assume that the company uses departmental piedetermined overhead rates with machine hours as the allocation base in both production deparments. How much manufacturing overhead wili be applied to Job K? (Do not round intermediate calculations.)

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