Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total Plantwide rate Overhead cost per unit: Scientific Product-Related Data Business Business Scientific 74,000 $239,000 99,800 49,500 100 2,000 2,250 Department Data Department 1 Department 2 77,300 139,720 217,020 23,000 381,800 4 404,800 $232,500 170,000 260,000 208,000 $870,500 740,000 $2,390,000 998,000 495,000 150 3,000 9,000 Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor h per direct labor hour per unit per unit 22,500 858,280 880,780 26,500 113,200 139,700 $232,500 170,000 133,000 219,500 $755,000

Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator Total Overhead costs: Setup costs Inspection costs Power Maintenance Total Plantwide rate Overhead cost per unit: Scientific Product-Related Data Business Business Scientific 74,000 $239,000 99,800 49,500 100 2,000 2,250 Department Data Department 1 Department 2 77,300 139,720 217,020 23,000 381,800 4 404,800 $232,500 170,000 260,000 208,000 $870,500 740,000 $2,390,000 998,000 495,000 150 3,000 9,000 Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor h per direct labor hour per unit per unit 22,500 858,280 880,780 26,500 113,200 139,700 $232,500 170,000 133,000 219,500 $755,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 32?
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Subject : account
Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 31,000 desk lamps produced annually follows. Direct materials $255.000 Direct labor Fabricating department (6,000 DLH x $32 per DLH) Assembly department (15,400 DLH x $20 per DLH) $192,000 $308,000 Machine hours Fabricating department Assembly department 14,400 MH 20,900 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours. Fabricating 140,000 DLH 172,000 MH Assembly 330,000 DLH 129,000 MH $435,000 Overhead cost $330,000 Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plamwide overhead rate. 3. Compute departmental overhead rates based on…
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Davis snowflake and co
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