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part 1-3 Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator Data on operations and costs for March
part 1-3
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator Data on operations and costs for March follow Basic Dominator Total Units produced 850 450 1,30 Machine-hours 3,388 1,600 4,900 Direct labor-hours 3,700 1.560 5.20 Direct materials costs $ 9,500 $ 3,950 $ 13,450 Dirert Labor costs 56,900 38,600 95,500 Manufacturing overhead costs 182.520 Total costs 22470 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor hours to allocate overhead costs (Round your answer to 2 decimal places.) Predamente per direct labor hour Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator Data on operations and costs for March follow Basic Dominator Total Units produced 1,000 300 1,300 Machine-hours 4,900 2,700 7,600 Direct tabor-hours 3,800 2,800 6,600 Direct naterials costs $ 9,700 $ 3,550 $ 13,250 Direct labor costs 66,700 32,800 99,500 Manufacturing overhead costs 214,200 Total costs $327,450 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine hours to allocate overhead costs (Round your answer to 2 decimal places.) Predelaired overhead rate per machine-hour Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 10, 100 1,040 240 $11,300 $ 4,800 Shorts 6,000 789 120 $7, 108 $2,400 Total 16,100 1,820 360 $18,400 $ 7,200 $22,988 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to two pools: overhead related to direct materials and overhead related to machine-hours. The analysis of overhead accounts by the cost accountant follows Account Utilities Supplies Machine depreciation and maintenance Purchasing and storing materials Miscellaneous Amount Related to: $ 4,030 Machine-hours 2,880 Materials 10,446 Machine-hours 2,272 Materials 3,360 Machine-hours Required: - Compute the predetermined overhead rates assuming that Donovan uses machine hours to allocate machine-related overhead costs and materials costs to allocate materials-related overhead costs. b. Compute the total costs of production and the cost per unit for each of the two products for March Complete this question by entering your answers in the tabs below. Reguloa Required a Compute the predetermined overhead rates assuming that Donovan uses machine-hours to allocate machine-related overhead costs and materials costs to allocate materials related overhead costs. (Round Machine-related overhead rate to 2 decimal places and enter Materials related overhead rate as a whole percentage (L., 32) Machine-hour related Material rated per hour 76 Red a. Compute the predetermined overhead rates assuming that Donovan uses machine-hours to allocate machine costs and materials costs to allocate materials-related overhead costs. b. Compute the total costs of production and the cost per unit for each of the two products for March Complete this question by entering your answers in the tabs below. Required A Required B Compute the total costs of production and the cost per unit for each of the two products for March. (Do not round intermediate calculations. Round your "Cost per unit to 2 decimal places.) Jerseys Shorts Total cost Cost per unit Step by Step Solution
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