Hydro Sports budgets overhead cost of $540,000 for the year; of this amount, $315,000 is traceable to the Assembly department and $225,000 is traceable to the Finishing department. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 5 in Assembly and 2 in Finishing. Budgeted direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing. The company budgets production of 150 units of the standard model and 150 units of the deluxe model for the year. 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 5 in Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing. Compute each department's total number of budgeted direct labor hours for the year. Compute departmental overhead rates for each department using direct labor hours for that department. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standa In Assembly and 2 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 4 in Finishing. Consider the following data for two products of Vigano Manufacturing. 1. Using a plantwide overhead rate based on 5.750 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Complete this question by entering your answers in the tabs below. Using a plantwide overhead rate based on 5,750 direct labor hours, compute the total product cost per unit for each product. a. Compute overhead activity rates \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Activity } & \multicolumn{2}{c|}{ Activity Rate } \\ \hline Machine setup & per setup \\ \hline Parts handling & per part \\ \hline Quality inspection & per inspection \\ \hline b. Allocate overhead to Product A, B and compute overhead cost per unit \\ \hline \end{tabular} b. Allocate overhead to Product A,B and compute overhead cost per unit Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Laval reports the following for one of its products, a desk lamp. Required: 1. Determine the plantwide overhead rate using 159,600 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Required: 1. Determine the plantwide overhead rate using 159,600 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Determine the plantwide overhead rate using 159,600 direct labor hours as the allocation base. Required: 1. Determine the plantwide overhead rate using 159,600 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question by entering your answers in the tabs below. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. Complete this question by entering your answers in the tabs below. Compute departmental overhead rates based on machine hours in the Fabricating department and direct laboi Assembly department. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates
