Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 29,000 desk lamps produced annually follows. Direct materials $275,000 Direct labor $138,000 Fabricating department (6,000 DLH x $23 per DLH) Assembly department (15,400 DLH x $23 per DLH) Machine hours $354,200 Fabricating department Assembly department 14,900 MH 20,450 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours Fabricating 120,000 DLH 163,000 MH $360,000 Assembly 295,000 DLH 127,000 MH $415,000 Overhead cost Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum 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. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the plantwide overhead rate for Laval using direct labor hours as a base. Estimated overhead costs Estimated direct labor hours Required 2 > Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp us Direct materials Direct Labor - Fabricating Direct Labor - Assembly Overhead Total manufacturing costs 0 Units produced Manufacturing cost per unit Required 1 Required 3 Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates based on machine hours in the fabricating department and direct assembly department. (Round your answers to 2 decimal places.) Departmental overhead rate Fabricating Assembly DLH Required 1 Required 2 Required 3 Required 4 Use departmental overhead rates from requirement 3 to determine the total manufacturing cost p desk lamps. Direct labor 0 Overhead

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_2

Step: 3

blur-text-image_3

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

Performance Auditing A Measurement Approach

Authors: Ronell B. Raaum, Stephen L. Morgan

4th Edition

0894134647, 978-0894134647

More Books

Students also viewed these Accounting questions

Question

3. Evaluate your listeners and tailor your speech to them

Answered: 1 week ago