Check my work Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Assembly $ 409, 500 Direct labor hours (DLH) 13,000 Product design Engineering hours (EH) 1, 000 7.14 63,000 Electricity 21, 000 Machine hours (MH) 10,500 points Setup 52, 500 Setups 420 Total $ 546,000 eBook Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 220 direct labor hours and Job 42 used 500 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. Print 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. References Activity Usage Activity Cost Driver Job 31 Job 42 Direct labor hours (DLH) 220 500 Engineering hours (EH) 28 34 Machine hours (MH) 52 62 Setups 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 13,000 direct labor hours. Numerator Denominator Mc Graw HillRequired information Part 1 of 2 [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. 7.14 points HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,500 units at $225 each) $ 2,362,500 Variable costs (10,500 units at $180 each) 1, 890,000 eBook Contribution margin 472 , 500 Fixed costs 369,000 Income $ 103,500 Hint 1. Compute break-even point in units. Print 2. Compute break-even point in sales dollars. 1. Break-even units units References 2. Break-even sales dollars4 Required information Part 2 of 2 [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. 7.14 points HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,500 units at $225 each) $ 2,362, 500 Variable costs (10,500 units at $180 each) 1, 890,000 Book Contribution margin 472,500 Fixed costs 369,000 Income $ 103, 500 Hint 1. Assume Hudson has a target income of $171,000. What amount of sales (in dollars) is needed to produce this target income? Print 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales References 2. Margin of safety %CH 5 Handy Home sells windows (80% of sales) and doors (20% of sales). The selling price of each window is $390 and of each door is $880. The variable cost of each window is $220 and of each door is $540. Fixed costs are $1,203,600. 7.14 points (1) Compute the weighted-average contribution margin. Sales mix Contribution margin Total per unit Windows Doors eBook Weighted-average contribution margin Hint (2) Compute the break-even point in units using the weighted-average contribution margin. Numerator: Denominator: Break Even Units = Break Even Units Print 0 References (3) Compute the number of units of each product that will be sold at the break-even point. Unit sales at Sales mix Number of units to break even. break-even point Windows Doors Total6 [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Part 1 of 2 Sales price per unit $ 415 per unit Units produced this year 135,000 units Units sold this year 135, 000 units Variable selling and administrative expenses $ 31 per unit 7.14 Fixed selling and administrative expenses $ 4, 695, 000 per year Direct materials $ 59 per unit points Direct labor $ 81 per unit Variable overhead $ 47 per unit Fixed overhead $ 10,530, 000 per year eBook 1. Prepare the current-year income statement using variable costing. Hint OAK MART Income Statement (Variable Costing) Print References 0 Income7 Required information Part 2 of 2 [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. 7.16 Sales price per unit $ 415 per unit points Units produced this year 135,000 units Units sold this year 135,000 units Variable selling and administrative expenses $ 31 per unit Fixed selling and administrative expenses $ 4, 695, 000 per year Direct materials $ 59 per unit eBook Direct labor $ 81 per unit Variable overhead $ 47 per unit Fixed overhead $ 10, 530, 000 per year Hint 2. Prepare the current-year income statement using absorption costing. Print OAK MART Income Statement (Absorption Costing) References Income