Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 17-7 Departmental overhead rates LO P2 Textra Plastic produces parts for a variety of small machine manufacturers. Most products go through tive operations, molding

image text in transcribed

Exercise 17-7 Departmental overhead rates LO P2 Textra Plastic produces parts for a variety of small machine manufacturers. Most products go through tive operations, molding and trimming, before they are ressly for packaging. Expected costs and activices for the molding department and for the trimming department for this year follow. (Round OH rate and cost per unit" answers to 2 decimal places.) Holding Trimming Direct Labor hours 52,82 DLH 48. DLH Machine hours 38,500 3,500 Overhead costs $755,800 $615, Dsts for tvo special-order parts to be menuisctured by the company in this year follow Part A2C Part XR2B Number of units 9. units 54,58 units Machine hours Molding 5,100 H 1,028 Triin 658 Direct Labor hours Holding 5,500 DLH 2,150 DLH Tring 700 DLH 3,5ee DLH Required: 1. Computea departmental overhead rate for the molding department based on machine hours and a department overhead rate for the trimming department based on dirot labor hours. Molding Trimming 2.8. 3. Determine the total overhand ocot asigned to each product line using the departmental overhead rates from requirement 1, and then determine the overhead oot par unit. Part A270 Activity Driver Departmentai OH Rate Total Overhead Cost $ Molding Trimming Part XB2B Activity Driver Departmental OH Rate Total Overhead Cost $ Molding Trimming Exercise 17-7 Departmental overhead rates LO P2 Textra Plastic produces parts for a variety of small machine manufacturers. Most products go through tive operations, molding and trimming, before they are ressly for packaging. Expected costs and activices for the molding department and for the trimming department for this year follow. (Round OH rate and cost per unit" answers to 2 decimal places.) Holding Trimming Direct Labor hours 52,82 DLH 48. DLH Machine hours 38,500 3,500 Overhead costs $755,800 $615, Dsts for tvo special-order parts to be menuisctured by the company in this year follow Part A2C Part XR2B Number of units 9. units 54,58 units Machine hours Molding 5,100 H 1,028 Triin 658 Direct Labor hours Holding 5,500 DLH 2,150 DLH Tring 700 DLH 3,5ee DLH Required: 1. Computea departmental overhead rate for the molding department based on machine hours and a department overhead rate for the trimming department based on dirot labor hours. Molding Trimming 2.8. 3. Determine the total overhand ocot asigned to each product line using the departmental overhead rates from requirement 1, and then determine the overhead oot par unit. Part A270 Activity Driver Departmentai OH Rate Total Overhead Cost $ Molding Trimming Part XB2B Activity Driver Departmental OH Rate Total Overhead Cost $ Molding Trimming

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Corporate Accounting Vol 1

Authors: Dr S. Kr. Paul, Prof. Chandrani Paul

1st Edition

164725146X, 9781647251468

More Books

Students also viewed these Accounting questions

Question

Timeline for final evaluation

Answered: 1 week ago

Question

How will it be used?

Answered: 1 week ago