Pangle 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 M109.The following data were recorded for this job: Required:
Calculate the total job cost for Job M109.

Question

Pangle 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 M109.The following data were recorded for this job:  Required:
Calculate the total job cost for Job M109.

Quizplus · Accepted Answer

The Answer of Pangle 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 M109.The following data were recorded for this job:  Required:
Calculate the total job cost for Job M109.

Pangle Corporation Has Two Production Departments, Forming and Customizing