Netflix HW CH 7 eBook v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Apps M Gmail YouTube Maps Canvas AICPA Foundation... * Unemployed perso... * Unemployed perso... possible 1 T Troy University - We X HW CH 7 CengageNOWv2|0 X CengageNOWv2 |C X Course Hero x + Q 1. EX.07.12 2. EX.07.16.ALGO Direct Method and Overhead Rates Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support the production departments: Power, General Factory, and Purchasing. Budgeted data on the five departments are as follows: 3. EX.07.20.ALGO Support Departments Producing Departments 4. EX.07.21.ALGO 5. EX.07.25.ALGO Power General Factory Purchasing Pesticide Liquid Fertilizer Overhead $80,000 $312,000 $169,000 $78,500 $107,700 6. EX.07.26.ALGO Square feet 1,500 1,500 4,200 4,800 7. EX.07.27.ALGO Machine hours 1,403 1,345 24,000 8,000 20 40 7 120 60 Progress: 3/7 items Type here to search Purchase orders The company does not break overhead into fixed and variable components. The bases for allocation are power-machine hours; general factory-square feet; and purchasing-purchase orders. Required: 1. Allocate the overhead costs to the producing departments using the direct method. If required, round your allocation ratios to four decimal places and round allocated costs to the nearest dollar and use the rounded values for the subsequent calculations. Cost assignment: Pesticide Liquid Fertilizer Check My Work 3 more Check My Work uses remaining. 2 > Previous B Next 3:33 PM 7/5/2021 iii K Reading list HW CH 7 Netflix T Troy University - We X HW CH 7 CengageNOWv2|0 X CengageNOWv2 |C X Course Hero x + Apps M Gmail YouTube Maps Canvas v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false AICPA Foundation... * Unemployed perso... * Unemployed perso... Q K ... possible 1 Reading list 1. EX.07.12 2. EX.07.16.ALGO eBook Purchase orders 20 40 120 60 The company does not break overhead into fixed and variable components. The bases for allocation are power-machine hours; general factory-square feet; and purchasing-purchase orders. Required: 1. Allocate the overhead costs to the producing departments using the direct method. If required, round your allocation ratios to four decimal places and round allocated costs to the nearest dollar and use the rounded values for the subsequent calculations. 3. EX.07.20.ALGO 4. EX.07.21.ALGO 5. EX.07.25.ALGO Cost assignment: Pesticide Liquid Fertilizer 6. EX.07.26.ALGO Direct costs 7. EX.07.27.ALGO Power General Factory Purchasing Total 2. Using machine hours, compute departmental overhead rates. (Round the overhead rates to the nearest cent.) Departmental overhead rates Pesticide Liquid Fertilizer Progress: 3/7 items Check My Work 3 more Check My Work uses remaining. Type here to search D per machine hour per machine hour 2 > Previous Next 3:33 PM 7/5/2021