The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. the predetermined overhead rate in the molding department is based on machine-hours, and the rate in the painting department is based on direct labor-hours. at the beginning of the year, the company provided the following estimates:
department
molding painting
direct labor-hours 12,000 60,000
machine-hours 70,000 8,000
fixed manufacturing overhead cost $ 497,000 $ 615,000
variable manufacturing overhead per machine-hour $ 1.50 -
variable manufacturing overhead per direct labor-hour - $ 2.00
job 205 was started on august 1 and completed on august 10. the company's cost records show the following information concerning the job:
department
molding painting
direct labor-hours 30 84
machine-hours 110 20
direct materials $ 770 $ 1,332
direct labor cost $ 525 $ 1,470
required:
(1) compute the predetermined overhead rates used in the molding department and the painting department.
(2) compute the total overhead cost applied to job 205.

Producers can create their maximum combination of goods, s long as what?

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.