Question
Here Irwing information: x Company has two production departments. Listed below is budgeted information for 2022 for the two departments, and actual information for
Here Irwing information: x Company has two production departments. Listed below is budgeted information for 2022 for the two departments, and actual information for one of its products during the year All Products Overhead Direct labor Direct labor hours Machine hours Units produced Product X Overhead Direct labor Direct labor hours Machine hours Units produced Department 1 $4,500,000 $800,000 50,000 100,000 56,000 $13,024 14 Department 2. $1,800,000 $640,000 40,000 120,000 46,000 $3,872 242 870 840 1,030 870 3. If the company had used a plantwide cost allocation system in 2022, with machine hours as the cost driver, what would have been the allocation to Product X? A $17,831 B: $22,289 C $27,861 D: $34,826 : $43,533 F: $54,416 Submit Armeer Tries 0/99 4. If the company had used a departmental cost allocation system in 2022, with units produced as the cost driver in Department 1 and direct labor as the cost driver in Department 2, what would have been the allocation to Product X7 A: $36,551 8: $43.115 C $50,445 D: $59,021 E: $69,054 F: $80,794 ant Anser Tries 0/99 Sand fo
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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