Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

PLEASE HELP ASAP- part 1 & part 2 Required information [The following information applies to the questions displayed below.) Textra produces parts for a machine

PLEASE HELP ASAP- part 1 & part 2
image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.) Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $246,250 in the Molding department and $206,250 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Number of Units 3,000 4,000 Molding Department Hours per Unit Total Hours 2.0 MH per unit 6,000 MH 2.5 MH per unit 10,000 MM 16,000 MM Trimming Department Hours per Unit Total Hours 3 DLH per unit 9,000 DLH 4 DLH per unit 16,000 DLH 25,000 DLH Part 2 Part X Totals Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours, 2. Determine the overhead cost per unit for each part using the departmental rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding of Trimming Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate and "Hours per unit to 2 decimal places.) Part 2 Departmental Overhead Rate Hours per Unit Overhead cost per unit Molding Trimming 0.00 Total $ 0.00 Departmental Overhead Rate Hours per Unit Part X Molding Trimming Total Overhead cost per unit s 0.00 0.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions