Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Company has two production departments. Listed below is budgeted information for 2022 for the two departments, and actual information for one of All Products
Company has two production departments. Listed below is budgeted information for 2022 for the two departments, and actual information for one of All Products Overhead Direct labor Direct labor hours Machine hours Units produced Product I Overhead Direct labor Direct labor hours Department X $1,400,000 $850,000 50,000 120,000 51,000 $14,535 Department Y $1,800,000 $680,000 40,000 130,000 43,000 $4,148 2441 Fouring the Machine hours Units produced 855 1,070 660 650 790 3. If the company had used a plantwide cost allocation system in 2022, with direct labor hours as the cost driver, what would have been the allocation to Product 17 OA: $24,401 OB: $28,549 OC $33,402 OD: $39,080 OR $45,724 OF: $53,497 Submit Answer Tries 0/99 4. If the company had used a departmental cost allocation system in 2022, with units produced as the cost driver in Department X and direct labor as the cost driver in Department Y, what would have been the allocation to Product 17 OA $29,109 OB $36.715 OC $51.491 D $68,483 $91,083 OF $121,140 Sut Answer Tries 0/99
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started