1.

DEPARTMENT HRS

TOTAL ASSETS

TOTAL DEPARTMENT OVERHEAD

TOTAL HRS

TOTAL LIABILITIES

TOTAL OWNERS EQUITY

TOTAL MAUFACTURING OVERHEAD

TOTAL OWNERS EQUITY

TOTAL REVENUES

2.

DEPARTMENT MACHINE HRS

TOTAL ASSETS

TOTAL DEPARTMENT OVERHEAD

TOTAL HRS

TOTAL LIABILITIES

TOTAL OWNERS EQUITY

TOTAL PLANTWIDE OVERHEAD

TOTAL REVENUES

3.

OVERCOSTED

UNDERCOSTED

Aunt Lydia Snacks makes potato chips, corn chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Lydia uses a single plantwide overhead rate to allocate its $3,536,000 of annual manufacturing overhead. Of this amount, $1,958,000 is associated with the potato chip line, $874,500 is associated with the corn chip line, and $703,500 is associated with the cheese puff line. Aunt Lydia's plant is currently running a total of 17,000 machine hours: 11,000 in the potato chip line, 2,650 in the corn chip line, and 3,350 in the cheese puff line. Aunt Lydia considers machine hours to be the cost driver of manufacturing overhead costs 1. 2. 3. What is Aunt Lydia's plantwide overhead rate? Calculate the departmental overhead rates for Aunt Lydia's three production lines. Round all answers to the nearest cent Which products have been overcosted by the plantwide rate? Which products have been undercosted by the plantwide rate? 1. What is Aunt Lydia's plantwide overhead rate? Determine the formula for calculating the plantwide overhead rate, then calculate the rate. Plantwide overhead rate per machine hour 2. Calculate the departmental overhead rates for Aunt Lydia's three production lines. Round all answers to the nearest cent. Begin by determining the formula for calculating a departments overhead rate, then calculate the overhead rates for each department Department overhead rate Potato Chips [ Corn Chips Cheese Puffs per machine hour per machine hour per machine hour