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PLEASE ACTUALLY READ AND WORK OUT THE QUESTION. I will report anyone who submits the answer from another question:) Question 4 Partially correct Mark 8.00

PLEASE ACTUALLY READ AND WORK OUT THE QUESTION.

I will report anyone who submits the answer from another question:)image text in transcribedimage text in transcribed

Question 4 Partially correct Mark 8.00 out of 10.00 P Flag question Edit question Plant vs. departmental OH rates Red River Farm Machine makes a wide variety of products, all of which must be processed in the Cutting and Assembly departments. For the year, Red River budgeted total overhead of $2,184,600, of which $848,100 will be incurred in Cutting and the remainder will be incurred in Assembly. Budgeted direct labor and machine hours are as follows: Cutting Assembly Budgeted direct labor hours 27,000 3,000 Budgeted machine hours 2,100 65,800 Two products made by Red River are the RW22SKI and the SD45ROW. The following cost and production time information on these items has been gathered: RW22SKI SD45ROW Direct material $34.85 $19.57 Direct labor rate in Cutting $20.00 $20.00 Direct labor rate in Assembly $8.00 $8.00 Direct labor hours in Cutting 6.00 4.80 Direct labor hours in Assembly 0.03 0.05 Machine hours in Cutting 0.06 0.15 Machine hours in Assembly 5.90 9.30 a. What is the plantwide predetermined OH rate based on (1) direct labor hours and (2) machine hours for the upcoming year? Note: Round your answers to two decimal places (i.e. round $4.3555 to $4.36). (1) OH rate based on direct labor hours $ 72.82 per DLH (2) OH rate based on machine hours $ 32.17 per MH b. What are the departmental predetermined OH rates in Cutting and Assembly using the most appropriate base in each department? Note: Round your answers to two decimal places (i.e. round $4.3555 to $4.36). (1) OH rate in Cutting: $ 31.41 per DLH b. What are the departmental predetermined OH rates in Cutting and Assembly using the most appropriate base in each department? Note: Round your answers to two decimal places (i.e. round $4.3555 to $4.36). (1) OH rate in Cutting: $ 31.41 per DLH (2) OH rate in Assembly: $ 20.31 per MH C. What are the costs of products RW22SKI and SD45ROW using (1) a plantwide rate based on direct labor hours, (2) a plantwide rate based on machine hours, and (3) departmental rates calculated in (b)? Note: Round your answers to two decimal places (i.e. round $4.3555 to $4.36). RW22SKI SD45ROW 594.19 $ 469.15 (1) Total cost using plantwide rate based on DLHs $ (2) Total cost using plantwide rate based on MHs $ (3) Total cost using rates in (b) $ 346.85 x $ 420.01 X 463.39 $ 455.64

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