Question
Hello, I need help on my Acc 202 Managerial Accounting. There is an example on course hero for Acc 202 3-2 problem set chapter 4,
Hello, I need help on my Acc 202 Managerial Accounting. There is an example on course hero for Acc 202 3-2 problem set chapter 4, question 3. However, when I follow the instructions, I can't seem to get the correct answer. I feel that my answers are close and I am off by a few digits. Please help.
- Fabrication Department factory overhead = 614,800.00
- Assembly Department factory overhead = 246,750.00
- Total = 861,550.00
Direct labor hours were estimated as follows:
- Fabrication Department = 5,300 hours
- Assembly Deparment = 5,250 hours
- Total = 10,550
In addition, the direct labor hours (dlh) used to produce a unit of each product in each department from engineering records, as follow:
Production Department II Gasoline Engine II Diesel Engine
Fabrication Department: Gasoline Engine = 2.9 dlh , Diesel Engine = 1.8 dlh
Assembly Department : Gasoline Engine =1.8 dlh, Diesel Engine = 2.9 dlh
Direct labor hours per unit: Gasoline Engine = 4.7 dlh, Diesel Engine = 4.7 dlh
For Single Plantwide Method
Step 1: I took the total of direct labor hours which is 10,550 hours and divided it by 4.7 dlh = 2244.680
Step 2: I took the Total Factory overhead which is 861,550.00 and divided it by 2244.680 = 383.81862
I put 383.81 into my problem set and it came out incorrect.
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