K Temic Inc makes two styles of bophies, basic and deluxe, and operates at capacity Terrific does large custom orders. Temific budgets to produce 10,000 basic trophies and 5000 deluxe trophies Manufacturing takes place in two production departments forming and assembly. In the forming department indirect manufacturing costs are accumulated in two cost pochs set up and general overhead In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 units per batch but because of the mar intricate detail of the deluxe trophies, they are formed in batches of 50 units per batch (C the icon to view budgeted information) Read the teavitament Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based on total direct costs. (Don't forget include direct material and direct manufacturing labor cost in your unit cost calculation) Start by calculating the total direct costs for the basic and deluxe trophies departments Deect materials Feming Assembly Total direct materials Direct manufacturing laber Foming Assembly Tatal direct manufacturing letur Total duct cost Get more help- Etext pages wwwwwww Basic Clear all Check answer www Points: 0 of 8 c Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Terrific does large custom orders. Terrific budgets to produce 10,000 basic trop facturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two co- assembly department all indirect manufacturion costs are accumulated in one general auorhead cost pool. The bacie tronkios are formed in batches of 200 un ate detail of the Click the icon to d the requiremen quirement 1. Cald ct material and di Data table The controller has asked you to compare plantwide, department, and activity-based cost allocation. - X Terrific Budgeted Information for the Year Ended November 30, 2020 bad is allocated based on total di Forming Department Basic Deluxe Total rt by calculating th Direct materials $ 37,700 $ 21,500 $ 59.200 Direct manufacturing labor 31,200 15,300 46,500 Overhead costs: Set up 7440 rect materials Forming Overhead costs: General overhead 34,410 Assembly Assembly Department Basic Deluxe Total otal direct materials Direct materials 4,800 $ 15,200 $ 20,000 irect manufacturing Direct manufacturing labor 15,300 14,700 30,000 Forming Overhead costs: General overhead 36,000 Assembly otal direct manufact Total direct costs Get more help Print Done Clear all All folders are up to date Connected to Musoft Exmange assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in e detail of the delux lick the icon to view the requirements. Requirements - uirement 1. Calculate t material and direct n t by calculating the tot ect materials Forming Assembly tal direct materials rect manufacturing labo Forming Assembly otal direct manufacturing Total direct costs 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based on total direct costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. 3. Calculate the budgeted unit cost of basic and deluxe trophies if Terrific allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department 4. Explain briefly why plantwide, department, and activity-based costing systems show different costs for the basic and deluxe trophies Which system would you recommend and why? Print Done verhead is allocated