Exercise 2-7 (Static) Job-Order Costing; Working Backwards (LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order...
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Exercise 2-7 (Static) Job-Order Costing; Working Backwards (LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 $ 1,533,500 Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost $ 235,000 345,000 184,000 $ 764,000 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the plantwide predetermined overhead rate. Plantwide predetermined overhead rate per DLH Exercise 2-7 (Static) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost ? 2 $ 1,533,500 Job Omega Direct materials Direct labor Manufacturing overhead applied Total job cost $ 235,000 345,000 184,000 $ 764,000 Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the job cost sheet for Job Alpha. Direct materials Direct labor Manufacturing overhead applied Total job cost $
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