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B D E F G H | J L M N The company is in the business of producing hats. Company uses duration based costing
B D E F G H | J L M N The company is in the business of producing hats. Company uses duration based costing for its two hat types. Information related to company production processes is on the left. Fedora Top Hat Bowler Cycle Time in hours for Hat Type Coloring Stitching Finishing 0.1 0.35 0.25 0.12 0.4 0.1 0.15 0.35 0.15 Company has calculated a overhead rate per hour of $100 with a total overhead amount of $2,061,000 Fedora Top Hat Bowler Capacity in units 10000 12000 9500 Required: 1) Calculate the overhead allocation one unit of each hat type 2) Calculate the total overhead allocated in total to each product line 3) If 9,500 fedoras, 11,500 top hats, and 9,450 bowlers are produced, what is idle capacity in dollars? Solve in excel please and fast
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