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Gibson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Gibson expects to incur $666,000 of overhead cost during the next fiscal
Gibson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Gibson expects to incur $666,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Vogue 3,400 1,200 Beauty Glamour 5,400 9,200 2,050 2,300 Total 18,000 5,55 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Complete this question by entering your answers in the tabs below. Required a Required B Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Allocated Cost Product Allocation Rate x Weight of Base Vogue Beauty = Glamour Total Required A Required B > Gibson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Gibson expects to incur $666,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Vogue 3,400 1,200 Beauty Glamour 5,400 9,200 2,050 2,300 Total 18,000 5,550 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Complete this question by entering your answers in the tabs below. Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Product Allocation Rate x Weight of Base = Allocated Cost Vogue x Beauty Glamour Total x
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