Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https 7: homework i Saved Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming,

image text in transcribed

image text in transcribed
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https 7: homework i Saved Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities 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.) Molding Trimming Direct labor hours 52,000 DLH 48, 000 DLH Machine hours 30, 500 MH 3, 600 MH Overhead costs $748, 000 $608, 000 Data for two special-order parts to be manufactured by the company in this year follow: Part A27C Part X82B Number of units 9, 800 units 54,500 units Machine hours Molding 5 , 100 MH 1, 020 MH Trimming 2 , 600 MH 650 MH Direct labor hours Molding 5,500 DLH 2, 150 DLH nce Trimming 700 DLH 3, 500 DLH Required: 1. Compute a departmental overhead rate for the molding department based on machine hours and a department overhead rate for the trimming department based on direct labor hours. Molding Overhead costs $ 748,000 $ 24.52 per machine hour Machine hours 30,500 Trimming Overhead costs $ 608,000 $ 12.67 per direct labor hour Direct labor hours 48,000 2. & 3. Determine the total overhead cost assigned to each product line using the departmental overhead rates from requirement 1, and then determine the overhead cost per unit. Part A27C Activity Departmental Driver OH Rate Total Overhead Cost Molding 5,100 $ 24.52 $ 125,052 Trimming 700 $ 12.67 8,869 2. Total Overhead Cost 133,921 Units Produced 9,800 3. Overhead cost per unit Part X82B Activity Departmental Driver OH Rate Total Overhead Cost Molding 1,020 $ $ 25,010 aw Prev 1 of 3 Next >

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

Payroll Accounting 2019

Authors: Jeanette Landin, Paulette Schirmer

5th edition

125991707X, 978-1259917073

More Books

Students also viewed these Accounting questions

Question

The quality of the proposed ideas

Answered: 1 week ago

Question

The number of new ideas that emerge

Answered: 1 week ago