Need help with Requirement 2 only.

%E19-17 (similar to) Question Help Vemon makes handheld calculators in two models basic and professional. Vernon 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. Tho 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 Data Table (Click the icon to view additional data.) Read the requirements Requirement 1. Vemon expects to produce 200,000 basic m activity-based costing. How much overhead is allocated to the S Manufacturing overhead-Assembly Manufacturing overhead-Packaging Basic Model Professional Model 488.750 $ 261,250 45,000 142,500 533,750 $ 403,750 Begin by selecting the formula to calculate the predetermined (Abbreviation used: Qty quantity. Enter the materials handlid Total manufacturing overhead cost 0 More Info Vernon wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $937.500 of manufacturing overhead has been divided into three primary activities: Material Handling Machine Setup, and Insertion of Parts. The following data have been compiled: 103 Total Materials Handling $88,000 Number of parts Machine Setup $365,500 Number of setups Insertion of Parts $484.000 Number of parts $ 937,500 Overhead costs Allocation Base Expected usage Basic Model Professional Model 32 parts per calculator 18 setups per yoar 56 parts per calculator 42 setups per year 32 parts per calculator 56 parts per calculator Check Answer Requirement 1. Vernon 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 predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity (Abbreviation used: Qty quantity. Enter the material handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cent) + Estimated qty of the allocation base 17,600,000 Inco $ Material Handling Machine Setup Insertion of Parts Estimated overhead costs 88,000 365,500 484,000 Predetermined OH allocation rate 0.0050 = $ 6,092.00 0.03 60 17,600,000 - $ 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) 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: Oly"quantity.) Predetermined OH allocation rate Actual aty of the allocation base used Allocated mig, overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. S Basic Model Professional Model Manufacturing overhead-Materials Handling 32,000 $ 56,000 Manufacturing overhead-Machine setup 109,656 255,864 Manufacturing overhead Insertion of Parts 192,000 336,000 333.656 $ 647,864 Total manufacturing overhead cost Requirement 2. Compare the activity based costing results from Requirement with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? 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 cont.) inco Basic Model Total MOH Per Unit 360,000 Professional Model Total MOH Per Unit 577.500 403.750 Single plantwide allocation rate Multiple department allocation rates Activity based location rates 53750 333.656 Enter any number in the edit fields and then click Check Answer %E19-17 (similar to) Question Help Vemon makes handheld calculators in two models basic and professional. Vernon 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. Tho 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 Data Table (Click the icon to view additional data.) Read the requirements Requirement 1. Vemon expects to produce 200,000 basic m activity-based costing. How much overhead is allocated to the S Manufacturing overhead-Assembly Manufacturing overhead-Packaging Basic Model Professional Model 488.750 $ 261,250 45,000 142,500 533,750 $ 403,750 Begin by selecting the formula to calculate the predetermined (Abbreviation used: Qty quantity. Enter the materials handlid Total manufacturing overhead cost 0 More Info Vernon wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $937.500 of manufacturing overhead has been divided into three primary activities: Material Handling Machine Setup, and Insertion of Parts. The following data have been compiled: 103 Total Materials Handling $88,000 Number of parts Machine Setup $365,500 Number of setups Insertion of Parts $484.000 Number of parts $ 937,500 Overhead costs Allocation Base Expected usage Basic Model Professional Model 32 parts per calculator 18 setups per yoar 56 parts per calculator 42 setups per year 32 parts per calculator 56 parts per calculator Check Answer Requirement 1. Vernon 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 predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity (Abbreviation used: Qty quantity. Enter the material handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cent) + Estimated qty of the allocation base 17,600,000 Inco $ Material Handling Machine Setup Insertion of Parts Estimated overhead costs 88,000 365,500 484,000 Predetermined OH allocation rate 0.0050 = $ 6,092.00 0.03 60 17,600,000 - $ 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) 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: Oly"quantity.) Predetermined OH allocation rate Actual aty of the allocation base used Allocated mig, overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. S Basic Model Professional Model Manufacturing overhead-Materials Handling 32,000 $ 56,000 Manufacturing overhead-Machine setup 109,656 255,864 Manufacturing overhead Insertion of Parts 192,000 336,000 333.656 $ 647,864 Total manufacturing overhead cost Requirement 2. Compare the activity based costing results from Requirement with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? 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 cont.) inco Basic Model Total MOH Per Unit 360,000 Professional Model Total MOH Per Unit 577.500 403.750 Single plantwide allocation rate Multiple department allocation rates Activity based location rates 53750 333.656 Enter any number in the edit fields and then click Check