Exercise 17-10 (Algo) Using departmental overhead rates and computing gross profit LO P2 Real Cool produces air conditioners in two departments Assembly and Finishing Budgeted information follows. Department Budgeted Cost Allocation Base Budgeted Usage Assembly $ 264,000 Machine hours 6,600 machine hours Finishing 18,989 Direct labor hours 3,600 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Direct materials Direct labor Model $ 460 130 180 Model T $440 120 190 Model A 500 2 3 OLH Model T 600 3.5 MM 4 DLH Units produced Assembly machine hours per unit Finishing direct labor hours per unit 10. Compute departmental overhead rates and determine overhead cost per unit for each model, 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Req3 Compute departmental overhead rates and determine overhead cost per unit for each model. Assembly department overhead rate Finishing department overhead rate per MH per DLH Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department Departmental Overhead Rate Overhead Hours per Unit Allocated Hours per Unit Assembly Finishing Totals Overhead Allocated 0 0 Req 1A Reg 1B Reg 2 Req 3 Compute the total product cost per unit for each model. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model A Model T Req 1B Rec3 > Reg 1A Reg 1B Req 2 Reg 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Selling Price Product Cost Gross Profit Model A Model T Reg 1A Reg 1B Reg 2 Req 3 Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Department Departmental Overhead Rate Model A Overhead Hours per Unit Allocated Model T Overhead Hours per Unit Allocated Assembly Finishing Totals $ 0 $ Req 1A Reg 1B Req 2 Reg 3 Compute the total product cost per unit for each model. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model A Model T Reg 1A Req 18 Reg 2 SERVERE Req3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Selling Price Product Cost Gross Profit Model A Model T