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HW: Chapter 19 please do all 3 requirements E19-20 (similar to) Question Help Empire Company manufactures wheel rims. The controller expects the following ABC allocation
HW: Chapter 19 please do all 3 requirements
E19-20 (similar to) Question Help Empire Company manufactures wheel rims. The controller expects the following ABC allocation rates for 2018: (Click the icon to view the allocation rates.) Empire produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: : (Click the icon to view the expected data.) The company expects to produce 500 units of each model during the year. Read the requirements. i Requirements Requirement 1. Compute the total estimated indirect manufacturing cost for 2018. Begin by selecting the formula to compute the total estimated overhead (OH) costs. Total estimated overhead costs 1. Compute the total estimated indirect manufacturing cost for 2018. 2. Prior to 2018, Empire used a single plantwide overhead allocation rate syste with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2018. Use this ratet determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2018. Carry each cost to the nearest cent. Predetermined overhead allocation rate * Total estimated qty of the allocation base Now compute the total estimated indirect manufacturing cost for 2018. Total Estimated Indirect Manufacturing Cost Activity Print Done Materials handling Machine setup i Data Table Insertion of parts Finishing A Data Table Total estimated indirect manufacturing cost Standard Deluxe Parts per rim Setups per 500 rims Finishing hours per rim Total direct labor hours per rim Predetermined Overhead Allocation Rate 8.0 17.0 6.0 7.0 9.0 17.0 6.5 8.0 Allocation Base Enter any number in the edit fields and then click Check Ana Activity Materials handling Machine setup Insertion of parts Finishing Number of parts Number of setups Number of parts Number of finishing hours $3.00 per part 300.00 per setup 23.00 per part 60.00 per hour Print Done parts + remainingStep by Step Solution
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