Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HW7B 2 - Please help all parts Tackett makes handheld calculators in two models--basic and professional-and wants to refine its costing system by allocating overhead
HW7B 2 - Please help all parts
Tackett makes handheld calculators in two models--basic and professional-and wants to refine its costing system by allocating overhead using departmental rates. The estimated $851,500 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: (Click the loon to view the data.) Read the requirements Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty quantity: Enter the allocation rates to the nearest cent) Predetermined OH Estimated overhead costs Estimated aty of the allocation base allocation rato Assembly Pred OH location rate Assembly Paino How much va is cated to the basic mo? To the professional mod Begin by secting the foot ove ( Oreo Oy) Com the located to the base on the completed the Basic Model Professional Model Marching every Man-Pacing Total managed cost Choose from any list or enteranymi the routes and then continue to the next Gestion Data table Assembly Department 550,000 $ Packaging Department 301,500 $ Total Overhead costs $ 851,500 Machine hours: Basic Model 155,500 MHT 344,500 MHT 24,500 MHT 130,500 MHT 180,000 MH 475,000 MHT Professional Model IE 500,000 MHT 155,000 MHT Total 655,000 MHT Direct labor hours: Basic Model 35,000 DLHO 182,500 DLHT 85,000 DLHO 417,500 DLHO 120,000 DLHO 600,000 DLHO Professional Model 217,500 DLHO 502,500 DLHO 720,000 DLHO Total 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