Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jarr? DeGourney ?20-18 1226 ACCT 3115-01 omework: Homework Chapter 5 core: 7.50f 15 pts 10f 6 (5 complete) ? HW Score: 55%, 27.5 of Question

image text in transcribed
Jarr? DeGourney ?20-18 1226 ACCT 3115-01 omework: Homework Chapter 5 core: 7.50f 15 pts 10f 6 (5 complete) ? HW Score: 55%, 27.5 of Question Help TI5-1 (algo) Duke Metal Works produces two types of metal lamps. Duke manufactures 22,000 basic lamps and 4,500 designer lamps Its simple cossing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manulacturing labor-hours it provides the following budgeted cost informabionc m] (Click to on to view te itomadn.) Calculate the total budgeted costs of the basic and designer lamps using Duke's simple costing system Begin by caloulating the budgeted Indrect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amounts and calulate the rate.(Abbreviations used: MOH Manufacturing Overhead.) Budgeted indirect manufacturing costsBudgeted manufacturing labor hours Budgoted MOH rate $ 25 per manufacturing labor-hour 420,000 16.800 Now caloulate the total budgeted costs and per unitl costs of the basic and designer lamps using Duke's simple costing system (Round all per unit amounts to hwo decimal places) Basic lamps Designer lamps O Data Table S 154,000 S 700 30,00018.00 108.00024 Drect manufacturing labor Total direct costs ndrect costs alocabed Basie Lamps Designer Lamps Total 25.00 I 109.000| | 500,000 30000 5 880.000 18 Direct materais per lamp Direct manufacturing labor per lamp Direct manulacturing labor rate per hour Indirect manufacturing coss 0.8 hours 0.8 hours $ 30 30 s 420,000 Print Done Ender any number in the edit fields and then click Check Answer Final Check Clear All Jarr? DeGourney ?20-18 1226 ACCT 3115-01 omework: Homework Chapter 5 core: 7.50f 15 pts 10f 6 (5 complete) ? HW Score: 55%, 27.5 of Question Help TI5-1 (algo) Duke Metal Works produces two types of metal lamps. Duke manufactures 22,000 basic lamps and 4,500 designer lamps Its simple cossing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manulacturing labor-hours it provides the following budgeted cost informabionc m] (Click to on to view te itomadn.) Calculate the total budgeted costs of the basic and designer lamps using Duke's simple costing system Begin by caloulating the budgeted Indrect cost rate for the single indirect-cost pool. First select the formula, then enter the applicable amounts and calulate the rate.(Abbreviations used: MOH Manufacturing Overhead.) Budgeted indirect manufacturing costsBudgeted manufacturing labor hours Budgoted MOH rate $ 25 per manufacturing labor-hour 420,000 16.800 Now caloulate the total budgeted costs and per unitl costs of the basic and designer lamps using Duke's simple costing system (Round all per unit amounts to hwo decimal places) Basic lamps Designer lamps O Data Table S 154,000 S 700 30,00018.00 108.00024 Drect manufacturing labor Total direct costs ndrect costs alocabed Basie Lamps Designer Lamps Total 25.00 I 109.000| | 500,000 30000 5 880.000 18 Direct materais per lamp Direct manufacturing labor per lamp Direct manulacturing labor rate per hour Indirect manufacturing coss 0.8 hours 0.8 hours $ 30 30 s 420,000 Print Done Ender any number in the edit fields and then click Check Answer Final Check Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employee Relations Audits

Authors: C. Jennings, W. E. J. McCarthy, R. Undy

1st Edition

0415786614, 978-0415786614

More Books

Students also viewed these Accounting questions

Question

Define marketing research. Discuss.

Answered: 1 week ago