Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chapter 17 question7 7 Return to question Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 1.33 points

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

chapter 17 question7

7 Return to question Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 1.33 points Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 31.000 desk lamps produced annually follows. $260,000 Direct materials Direct labor Fabricating department (8,000 DLH $20 per DLH) Assembly department (16,200 DLH * $23 per DLH) Machine hours Fabricating department Assembly department $160,000 $372,600 14,200 MH 21,000 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours Overhead cost Fabricating 150,000 DLH 168,000 MH $400,000 Assembly 265,000 DLH 129,000 MH $425,000 cured Return 7 Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. 1.33 points X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. Direct materials $ 260,000 Direct labor Fabricating Assembly 160,000 372,600 532,600 d 7 use departmentar overneaa rates from requirement 3 to determine the tota manuracturing cost desk lamps. Direct materials $ 260,000 1.33 points Direct labor Fabricating 160,000 Assembly 372,600 532,600 Overhead 33,796 Fabricating Assembly 33,796 $ 826,396 Manufacturing cost per unit per 0 unit Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead Direct materials $ 260,000 160,000 Direct Labor - Fabricating Direct Labor - Assembly 372,600 Overhead 792,600 Total manufacturing costs Units produced Manufacturing cost per unit 31,000 $ 27.12 Wave 7 1.33 points Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. eBook Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. (Round your answers to 2 decimal places.) Departmental overhead rate MH Fabricating Assembly DLH

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions