| Molding |
Fabrication |
Total |
| Machine-hours |
29,000 |
39,000 |
68,000 |
| Fixed manufacturing overhead costs |
790,000 |
260,000 |
1,050,000 |
| Variable manufacturing overhead per machine-hour |
6.1 |
6.1 |
| Job A: |
Molding |
Fabrication |
Total |
| Direct materials cost |
375,000 |
321,000 |
696,000 |
| Direct labor cost |
230,000 |
150,000 |
380,000 |
| Machine-hours |
19,000 |
10,000 |
29,000 |
| Job B: |
Molding |
Fabrication |
Total |
| Direct materials cost |
270,000 |
210,000 |
480,000 |
| Direct labor cost |
130,000 |
230,000 |
360,000 |
| Machine-hours |
10,000 |
29,000 |
39,000 |
|
|
How do determined departmental overhead rates for the molding and fabrication depts (can't quite arrive at the answer? followed by manufacturing costs and established bid prices for both depts at a 130% of total manufacturing costs for each job (a& b)