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*Please help finish the table and show step-by-step how to solve the allocated costs, total costs, and unit costs. More information about the problem below.

image text in transcribed*Please help finish the table and show step-by-step how to solve the allocated costs, total costs, and unit costs.

More information about the problem below.

image text in transcribed

Homework: HWK Chapter #5 Sa Score: 1.2 of 3 pts 2 of 2 (2 complete) HW Score: 54.02%, 2.16 of 4 %E5-22 (similar to) Question Help Totally Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Totally does large custom orders. Totally budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50. (Click the icon to view budgeted information.) Read the requirements. Requirement 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. . per DL $ Start by calculating the budgeted overhead rate for the forming and assembly departments based on direct manufacturing labor costs. First select the formula, then enter the applicable amounts and calculate the rates. (Round the budgeted overhead rates to the nearest cent, $X.XX.) x Budgeted overhead costs Budgeted direct labor costs Data Table Budgeted overhead rate Forming $ 55,440 $ 49,500 $ 1.12 per DL $ Assembly $ 47,600 $ 34.000 $ 1.40 The controller has asked you to compare plantwide, department, and activity-based cost Finally, calculate the unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X.XX.) allocation. Basic Deluxe Total Totally Budgeted Information for the Year Ended November 30, 2020 Basic Deluxe Total Forming Department 80,700 66.500 Total direct costs 147,200 Direct materials $ 29,000 $ 22,400 $ 51,400 Allocated overhead 55,400 Direct manufacturing labor 31,400 18,100 49,500 Forming Department 47,600 Overhead costs: Set up 15,840 Assembly Department 250,200 39.600 Overhead costs: General overhead Total costs Unit cost Assembly Department Basic Deluxe Total Direct materials $ 4,900 $ 7,400 $ 12,300 Enter any number in the edit fields and then click Check Answer. 15,400 18,600 34,000 Direct manufacturing labor Overhead costs: General overhead 8 parts Clear All 47,600 Ner remaining 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based on total direct costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. 3. Calculate the budgeted unit cost of basic and deluxe trophies if Totally allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. 4. Explain briefly why plantwide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why

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