Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ME Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ME Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk tamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department Information related to the 22.000 desk lamps produced annually follows. 16.25 Direct materials Direct labor Fabricating department (5,500 DLH 533 per D) Assembly departnent (15,400 DLM $25 per OLH) Machine hours Fabricating department Assenbly department $265,000 $181,500 5385,000 Book 15,300 20,500 Prins Expected overhead cost and related data for the two production departments follow Direct labor hours Machine hours Overhead cost Fabricating 170,000 DUH 151,000 MH $380,000 Assembly 379,00 DK 122.000 $435,000 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 0 per direct labor hour Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. Direct Labor - Assembly Direct Labor - Fabricating Direct materials Overhead $ 181,500 385.000 265.000 831,500 Total manufacturing costs Units produced Manufacturing cost per unit lamps Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department. (Round your answers to 2 decimal places.) Departmental overhead rato Fabricating Assembly MH DLH Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps. Direct labor Overhead 0 0 S o per unit

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

The Complete Guide To Operational Auditing

Authors: Harry R. Reider

1st Edition

0471594199, 978-0471594192

More Books

Students also viewed these Accounting questions

Question

balance sheet?

Answered: 1 week ago

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

2. Discuss the types of messages that are communicated nonverbally.

Answered: 1 week ago