ebook Print Question 2 Not changed since last attempt Marked out of 38.00 question Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Danville Company for 2016, Departments Service Production 2 Manufacturing overhead costs identified by department) Factory supplies used $12,800 $21.460 $67,840 5137,600 Indirect labor $25,920 $3,400 $56.400 5384.000 Square feet of building floor space used 7,200 10.800 18000 36.000 Assessed value of equipment used $28,000 $14,000 $16000 $250.000 Cubic yards of factory space used 132.000 198.000 Machine hours 31200 204800 Direct labor ($10 per hour) $250.000 5500.000 Building depreciation of 551,200 is allocated on the basis of square feet of floor space. Personal property taxes of $19.200 are allocated on the basis of assessed values Required a. Prepare a 2016 overhead distribution worksheet for Danville Company similar to the one prepared for Exhibit 3-15. Use negative signs with answers, when appropriate. Under the Allocation Basis column, select the basis used to calculate each allocation Building depreciation of $51,200 is allocated on the basis of square feet of floor space. Personal property taxes of $19.200 are allocated on the basis of assessed values a Required a. Prepare a 2016 overhead distribution worksheet for Danville Company similar to the one prepared for Exhibit 3-15. Use negative signs with answers, when appropriate. Under the Allocation Basis column, select the basis used to calculate each allocation Danville Company Overhead Distribution Worksheet For the Year Ended December 31, 2016 Service Production Dept. 1 Dept. 2 Dept. 1 Dept. 2 Allocation Basis Directly identifiable with departments Indirect material 05 OS OS 0 Indirect labor 0 0 0 0 Allocated to departments: 0 0 Building depreciation e 0 o Floor space Personal property taxes 0 0 0 Assessed value of equipment 05 05 0 Total overhead Allocation of service departments: 05 0 Dept. 1 o Cubic yards of factory space 0 0 0 0 Machine hours used Dept. 2 05 05 OS 0 Total allocated overhead S b. Compute the manufacturing overhead rates for production departments 1 and 2 using machine hours and direct labor hours, respectively, for allocation bases Os O$ Round answers to two decimal places, when applicable Production Dept. 1 $ 0 Production Dept. 2 5 0