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3C's current cost accounting system charges overhead to products based on direct labor cost using a single plantwide rate. What product costs will it
3C's current cost accounting system charges overhead to products based on direct labor cost using a single plantwide rate. What product costs will it report for the two products if the current allocation system is used? Note: Round "Overhead percentage" to the nearest whole percent and other intermediate calculations and final answer to 2 decimal places. Raw material Direct labor-Production XL-D XL-C Direct labor-Assembly Overhead $ 0.00 $ 0.00 Total $ 0.00 $ 0.00 Show less The controller recently completed an executive education course describing the two-stage allocation procedure. Assume that the first stage allocates costs to departments and the second stage allocates costs to products. The controller believes that the costs will be more accurate if machine-hours are used to allocate Production Department costs and labor-hours are used to allocate Assembly Department costs. What product costs will be reported for the two products if the two-stage allocation process is used? Note: Round your intermediate calculations and final answer to 2 decimal places. Raw material Direct labor - Production Direct labor-Assembly Overhead - Production Overhead - Assembly Total XL-D 0.00 XL-C 0.00 0,00 0.00 $ 0.00 $ 0.00 < Required A Required D > Show less A What product costs would be reported if this ABC system were implemented? Assume that the production mix and c remain as originally planned. Note: Round your intermediate calculations and final answer to 2 decimal places. Raw material Direct labor-Production Direct labor-Assembly Overhead - Production Supervision Material handling Testing Waste treatment Depreciation Shipping Total production overhead Overhead-Assembly Total XL-D 0.00 0.00 XL-C 0.00 0.00 $ 0.00 $ 0.00
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