Vehicle Production Numbers Model 3/Y 292,731 Model S/X 13,109 Total 305,840 Estimated Total Annual Overhead $3,727,000,000 Possible Cost Driver Information Amount for Model 3 in Q4 2021 Amount for Model S in Q4 2021 Estimated Total Annual Amount Number of vehicles (units) 292,731 13,109 950,000 Direct labor hours 1,651,000 428,562 8,250,000 Number of machine hours 792,156 122,892 3,525,000 Factory square footage* 6,500,000 3,000,000 9,250,000 Number of setups 334,587 62,498 1,620,000 Number of inspections 6,425,896 1,825,694 33,150,000 Number of unique parts per vehicle* 7,400 8,800 8,750 Number of shipments 1,950 1,025 12,500 Number of engineering support calls 68,255 21,356 350,000 Number of parts 1,211,084,000 141,653,600 5,350,000,000 Number of engineering support hours 194,572 95,200 1,242,000 Number of unique machines used* 225 190 250 Part A: Using the previously provided information, calculate the per unit overhead cost for Q4 2021 for Model 3 and Model S based on allocating manufacturing overhead in a normal costing system using machine hours as a single cost driver for manufacturing overhead. Please solve
|
Vehicle Production Numbers |
|
|
Model 3/Y |
292,731 |
|
Model S/X |
13,109 |
|
Total |
305,840 |
|
Estimated Total Annual Overhead |
$3,727,000,000 |
|
Possible Cost Driver Information |
|||
|
Amount for Model 3 in Q4 2021 |
Amount for Model S in Q4 2021 |
Estimated Total Annual Amount |
|
|
Number of vehicles (units) |
292,731 |
13,109 |
950,000 |
|
Direct labor hours |
1,651,000 |
428,562 |
8,250,000 |
|
Number of machine hours |
792,156 |
122,892 |
3,525,000 |
|
Factory square footage* |
6,500,000 |
3,000,000 |
9,250,000 |
|
Number of setups |
334,587 |
62,498 |
1,620,000 |
|
Number of inspections |
6,425,896 |
1,825,694 |
33,150,000 |
|
Number of unique parts per vehicle* |
7,400 |
8,800 |
8,750 |
|
Number of shipments |
1,950 |
1,025 |
12,500 |
|
Number of engineering support calls |
68,255 |
21,356 |
350,000 |
|
Number of parts |
1,211,084,000 |
141,653,600 |
5,350,000,000 |
|
Number of engineering support hours |
194,572 |
95,200 |
1,242,000 |
|
Number of unique machines used* |
225 |
190 |
250 |
Part A: Using the previously provided information, calculate the per unit overhead cost for Q4 2021 for Model 3 and Model S based on allocating manufacturing overhead in a normal costing system using machine hours as a single cost driver for manufacturing overhead.
Please solve
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