Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actuallly consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. (Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements Requirement 1. Keenan expects to produce 200,000 basic models and 200,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to calculate the predeterrmined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. (Abbreviation used: Qty quantity. Enter the materials handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cent.) Predetermined OH allocation rate Materials Handling Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty quantity) Choose from any list or enter any number in the input fields and then continue to the next question. Fitional data X Data Table Professional Model Basic Model 423,750 Manufacturing overhead-Assembly 326,250 $ 35,000 152,500 Manufacturing overhead-Packaging 361,250 $ 576,250 Total manufacturing overhead cost Print Done Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predeterm allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic mod professional model by $360,000 and $577,500, respectively. EE (Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements Requirement 1. Keenan expects to produce 200,000 basic models and 200,000 professional models. Compute the predetermined overhead allocation activity-based costing. How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for (Abbreviation used: Qty quantity. Enter the materials handling allocation rate to four decimal places, and the remaining allocation rates to the nearest c Predetermined OH allocation rate Materials Handling Actual overhead costs Machine Setup Actual qty of the allocation base used Insertion of Parts Estimated overhead costs How much overhead is Estimated gty of the allocation base sional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Cty quantity.) Keenan makes handheld calculators in two models-basic and professional, Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. E(Click the icon to view the data using multiple department allocation rates) (Click the icon to view additional data.) Read the tesuirements How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Oty quantity) Allocated mfg. overhead costs basic model, and then compute the total overhead allocated to the professional model. Actual overhead costs Professional Model Basic Model Actual qty of the allocation base used Estimated overhead costs ig Estimated qty of the allocation base Predetermined OH allocation rate Total manufacturing overhead cost Requirement 2. Compare the activity-based costing results from Requirement 1 with the oompany's results using a single plantwide rate and using multiple department rates. What conclusions can vou draw? Keenan makes handheld calculators in two models-basic and professional, Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocaion rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. (Click the lcon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements. Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Basic Model Professional Model Manufacturing overhead-Materials Handling Manufacturing overhead-Machine setup Manufacturing overhead-Insertion of Parts Total manufacturing overhead cost Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest cent.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively (Cick the icon to view the data using multiple department allocation rates.) (Click the lcon to view additional data.) Read the requirements Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest cent.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department allocation rates Activity-based allocation rates What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see - -J- - What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see that compared to the the model cost less than expected and the model cost more than expected to produce. activity-based costing multiple department allocation costing Choose from any ist then continue to the next question. single plantwide allocation costing What conclusions can you draw? is the most accurate because it considers the resources used by each model. Management can now see The allocation using model cost more than model cost less than expected and the that compared to the costs allocated using the single plantwide rate, the expected to produce. basic t question Choose from any list or enter any number in the input fields and ther professional What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see that compared to the costs allocated using the single plantwide rate, the expected to produce. Ymodel cost less than expected and the model cost more than basic Choose from any list or enter any number in the input fields and then continue to the next question. professional Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actuallly consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. (Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements Requirement 1. Keenan expects to produce 200,000 basic models and 200,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to calculate the predeterrmined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity. (Abbreviation used: Qty quantity. Enter the materials handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cent.) Predetermined OH allocation rate Materials Handling Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty quantity) Choose from any list or enter any number in the input fields and then continue to the next question. Fitional data X Data Table Professional Model Basic Model 423,750 Manufacturing overhead-Assembly 326,250 $ 35,000 152,500 Manufacturing overhead-Packaging 361,250 $ 576,250 Total manufacturing overhead cost Print Done Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predeterm allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic mod professional model by $360,000 and $577,500, respectively. EE (Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements Requirement 1. Keenan expects to produce 200,000 basic models and 200,000 professional models. Compute the predetermined overhead allocation activity-based costing. How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for (Abbreviation used: Qty quantity. Enter the materials handling allocation rate to four decimal places, and the remaining allocation rates to the nearest c Predetermined OH allocation rate Materials Handling Actual overhead costs Machine Setup Actual qty of the allocation base used Insertion of Parts Estimated overhead costs How much overhead is Estimated gty of the allocation base sional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Cty quantity.) Keenan makes handheld calculators in two models-basic and professional, Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. E(Click the icon to view the data using multiple department allocation rates) (Click the icon to view additional data.) Read the tesuirements How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Oty quantity) Allocated mfg. overhead costs basic model, and then compute the total overhead allocated to the professional model. Actual overhead costs Professional Model Basic Model Actual qty of the allocation base used Estimated overhead costs ig Estimated qty of the allocation base Predetermined OH allocation rate Total manufacturing overhead cost Requirement 2. Compare the activity-based costing results from Requirement 1 with the oompany's results using a single plantwide rate and using multiple department rates. What conclusions can vou draw? Keenan makes handheld calculators in two models-basic and professional, Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocaion rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively. (Click the lcon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements. Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Basic Model Professional Model Manufacturing overhead-Materials Handling Manufacturing overhead-Machine setup Manufacturing overhead-Insertion of Parts Total manufacturing overhead cost Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest cent.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Keenan makes handheld calculators in two models-basic and professional. Keenan estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively (Cick the icon to view the data using multiple department allocation rates.) (Click the lcon to view additional data.) Read the requirements Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest cent.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department allocation rates Activity-based allocation rates What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see - -J- - What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see that compared to the the model cost less than expected and the model cost more than expected to produce. activity-based costing multiple department allocation costing Choose from any ist then continue to the next question. single plantwide allocation costing What conclusions can you draw? is the most accurate because it considers the resources used by each model. Management can now see The allocation using model cost more than model cost less than expected and the that compared to the costs allocated using the single plantwide rate, the expected to produce. basic t question Choose from any list or enter any number in the input fields and ther professional What conclusions can you draw? The allocation using is the most accurate because it considers the resources used by each model. Management can now see that compared to the costs allocated using the single plantwide rate, the expected to produce. Ymodel cost less than expected and the model cost more than basic Choose from any list or enter any number in the input fields and then continue to the next question. professional