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1) 2) 3) 4) Required information [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through
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Required information [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $246,250 in the Molding department and $206,250 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH 16,000 MH Complete this question by entering your answers in the tabs below. Budgeted overhead costs Budgeted overhead costs Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. 0 per direct labor hour Required Hours per Unit 3 DLH per unit 4 DLH per unit Trimming Department Required 2 > Total Hours 9,000 DLH 16,000 DLH 25,000 DLH Part Z Part X Totals 3,000 4,000 2.0 MH per unit 2.5 MH per unit Part Z X Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Complete this question by entering your answers in the tabs below. 6,000 MH 10,000 MH 16,000 MH Plantwide Overhead Rate Required 1 Required 2 Determine the overhead cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhea 2 decimal places.) per direct labor hour per direct labor dollar 3 DLH per unit 4 DLH per unit Activity Usage 3 direct labor hours 4 Overhead cost per unit Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $246,250 in the Molding department and $206,250 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Part Z Part X Totals Number of Units 3,000 4,000 Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Total Hours 6,000 MH 10,000 MH 16,000 MH Trimming Complete this question by entering your answers in the tabs below. Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Part Z Molding Trimming Total for each part using the departmental rates. Part X Molding Trimming Total Departmental Overhead Rate Departmental Overhead Rate of 5 Next > Pro-Craft Company computed the following activity rates to allocate overhead cost for the year. Activity Rate $ 56 per materials requisition $ 46 per inspection $5 per machine hour Activity Materials handling Quality inspection. Utilities During January, the company produced the following two jobs. Allocate overhead cost to each job using the activity rates. Activity Usage Job A 4 7 330 Activity Cost Driver Materials requisitions Inspections Machine hours Job B 2 3 230 Allocate overhead based on actual activity usage-Job A Activity Activity Usage Materials handling Quality inspection Utilities Total Allocate overhead based on actual activity usage-Job B Activity Activity Usage Materials handling Quality inspection Utilities Total Activity Rate Activity Rate Allocated Cost $ Allocated Cost $ 0 0 Trax Company manufactures 125 stationary bikes and 150 rowing machines with three activities. Activity rates to produce these products follow. Activity Assembly Purchasing Inspection Activity usage for each product follows. Compute the overhead cost per unit for the stationary bikes and the rowing machines. (Roum Overhead per unit amounts to 2 decimal places.) Activity Cost Driver Direct labor hours Purchase orders Inspections. Activity Rate $ 34 per direct labor hour $ 24 per purchase order. $ 39 per inspection Total allocated cost Units produced Overhead cost per unit Activity Usage Stationary Bikes 395 31 34 Overhead cost per unit-Stationary bikes Activity Cost Pool Assembly Purchasing Inspection Overhead cost per unit-Rowing machines Activity Cost Pool Assembly Purchasing Inspection Tntal alineatar net Rowing Machines 585 30 35 Activity Usage Activity Usage Allocated Cost $ 0 Allocated Cost 2)
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