Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello there!! I'm almost completed my question. By any chance can you help me solve the Remaining parts of requirement 3? THANK YOU!! Trundle Inc.
Hello there!! I'm almost completed my question. By any chance can you help me solve the Remaining parts of requirement 3? THANK YOU!!
Trundle Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Trundle does large custom orders. Trundle budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools: setup and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 , but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 . (Click the icon to view budgeted information.) Trundle Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Trundle does large custom orders. Trundle budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools: setup and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200, but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 . (Click the icon to view budgeted information.) Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plant-wide overhead rate if total overhead is allocated based on total direct costs. (Don't forget to include direct material and direct manufacturing labour cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. the more intricate detail of the deluxe trophies, they are formed in batches of 50 . (Click the icon to view budgeted information.) Required T T answer to the nearest cent, $X.XX. Abbreviations used: DC= Direct cost, DL= Direct labour, $= dollar.) Finally, calculate unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X.XX.) and calculate the rates. (Round the budgeted overhead rates to the nearest cent, $X.XX.) Trundle Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Trundle does large custom orders. Trundle budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools: setup and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 , but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 . (Click the icon to view budgeted information.) Requirement 3. Calculate the budgeted unit cost of basic and deluxe trophies if Trundle allocates overhead costs in each department using activity-based costing where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labour costs of each department. Begin by calculating the budgeted setup rate for the forming department. First select the formula; then enter the applicable amounts and calculate the rate. (Round your answer to the nearest whole dollar. Abbreviations used: DC - Direct cost, DL = Direct labour, $= dollar.) Data table The controller has asked you to compare plant-wide, department, and activity-based cost allocation. Trundle Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Trundle does large custom orders. Trundle budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools: setup and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200, but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 . (Click the icon to view budgeted information.) Required Requirement 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates where forming department overhead costs are allocated based on direct manufacturing labour costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labour costs of the assembly department. Start by calculating the budgeted overhead rate for the forming and assembly departments based on direct manufacturing labour costs. First select the formula; then enter the applicable amounts and calculate the rates. (Round the budgeted overhead rates to the nearest cent, $X.XX.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started