lew! Winslow makes handheld calculators in two modes-basic and professional Winslow estimated 5721.000 of manufacturing overhead and 515 000 machine hours for the year. The basic model actually consumed 230,000 machine hours, and the professional model consumed 285.000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1 40 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $322,000 and $399,000 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. Winslow expects to produce 220,000 basic models and 220.000 professional models Compute the predetermined overhead location rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? Round the materials handling allocation rate to four dedma places and the remaining allocation rates to the nearest cent Begin by colecting the formula to calculate the predetermined overhead (OH) allocation rato. Then enter the amounts to compute the allocation rate for each activity Abbreviation used Oty quantity Enter the material handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cont) Predetermined OH allocation rate Material Handling Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional moder? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used Qty = quantity) Allocated mig overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model 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 by summarizing 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. 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 cont.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department allocation rates Activity based location to Choose from any list or enter any number in the input fields and then continue to the next question 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 500 that compared to the costs atlocated using the single plantwide rate, the model cost less than expected and the model cost more than expected to produce Chrise from any list enter your the innutilisant than tine n the net Data Table ad and 515,000 machine The predetermined overh e model and the profess es handi c model chine ho $399,00 icon to $ icon to Manufacturing overhead Assembly Manufacturing overhead --Packaging Total manufacturing overhead cost Basic Model Professional Model 352,300 $ 297,700 4,500 66,500 356,800 $ 364,200 $ irement turing of 2. ca arizi Vhat Ling multiple x hit amounts More Info methods. letin the de al mer Winslow wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $721,000 of manufacturing overhead has been divided into three primary activities: Materials Handling, Machine Setup, and Insertion of Parts. The following data have been compiled: Materials Handling Machine Setup Insertion of Parts Total Overhead costs $99,000 $ 127,000 $495,000 $ 721.000 Allocation Base Number of parts Number of setups Number of parts Expected usage Basic Model 35 parts per calculator 20 setups per year 35 parts per calculator Professional Model 55 parts per calculator 36 setups per year 55 parts per calculator allod ns a ising agement odel cost oth dud Print Done .y II JUOTTOTT