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10 Required information [The following information applies to the questions displayed below. ] Tent Master produces Pup tents and Pop-up tents. The company budgets $270,000
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Required information [The following information applies to the questions displayed below. ] Tent Master produces Pup tents and Pop-up tents. The company budgets $270,000 of overhead cost and 54,000 direct labor hours. Additional information follows. Per Unit Selling Price Direct Materials Direct Labor Pup tent $ 84 $ 25 $ 47 Popup tent 79 25 32 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 54,000 direct labor hours. 2. Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 54,000 direct labor hours. Numerator Denominator Complete this question by entering your answers in the tabs below. Required 1 5 Required 2 Required 3 Required 4 Pup tents use 3 direct labor hours (DLH) per unit and Pop-up tents use 2 direct labor hours per unit. Compute the overhead cost per unit for each product. m-_ __ -_ ( Required 1 Required 3 ) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the product cost per unit for each product. Per Unit Direct Direct Labor Overhead Cost Product Cost Materials per Unit per Unit Pup tent $ 25 $ 47 Pop-up tent 25 32 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each product, compute the gross prot per unit (selling price per unit minus the product cost per unit). (Enter any product costs in excess of selling prices as negative values.) Pop-up tent Required 1 Required 2 Required 3 Required 4 For each product, compute the gross prot per unit (selling price per unit minus the product cost per unit). (Round "Activity Rate" and final answers to 2 decimal places. Enter any product costs in excess of selling prices as negative values.) Pup tent $ 84-00 __ Popup tent 79-00 __Step by Step Solution
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