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need help on C Concord Artworks creates hand-painted picture frames. The frames are cast from resin in an automated process. Once the casting is done,

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Concord Artworks creates hand-painted picture frames. The frames are cast from resin in an automated process. Once the casting is done, talented artisans hand-paint one of fifteen designs on each frame. In the final assembly process, a worker inserts the glass pane and attaches the backing to the frame. Concord's budget for the current year, along with the production requirements for two of the frames it produces, are as follows: Direct labor hours Machine hours Manufacturing overhead cost Department Casting Painting 50,000 18,000 $198,000 $320,000 Assembly 14,000 2,000 $64.400 Seasons of Fun Frame Casting Direct labor hours Machine hours Department Painting Assembly 1 0.25 0.50 1.50 Birth Announcement Frame Casting Department Painting Assembly 1.50 0.50 0.20 Direct labor hours Machine hours 0.80 Your answer is correct. Assume that Concord Artworks uses a single predetermined overhead application rate based on direct labor hours. Calculate the rate for the current year. (Round overhead rate to 2 decimal places, e.g. 3.54) Predetermined overhead rate 9.1 /machine hour $ e Textbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Using the rate you calculated in part (a) and the production requirements given, calculate the amount of overhead applied to a Seasons of Fun frame and a Birth Announcement frame.(Round overhead rates to 2 decimal places, eg. 3.54.) Seasons of Fun Birth Announcement Overhead per frame $ 1138 $ 18.2 X Your answer is incorrect. Concord Artworks' accountant has been taking a course in managerial accounting and has just learned that overhead should be applied using a causal base. She believes that direct labor hours may not be the best application base for the company and wants to explore the use of machine hours instead. Calculate the predetermined overhead application rate for the year using machine hours as the base. Using this rate, calculate the amount of overhead applied to a Seasons of Fun frame and a Birth Announcement frame.(Round overhead rates to 2 decimal places, eg. 3.54) Predetermined overhead rate $ 29.12 direct labor hour Seasons of Fun Birth Announcement Overhead per frame 58.24 $ 29.12 Tanel

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