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PLEASE HELP ME!!!!! Prescott makes handheld calculators in two models-basic and professional, Presoott estimated $1,149,500 of manufacturing overhead and 605,000 machine hours for the year.
PLEASE HELP ME!!!!!
Prescott makes handheld calculators in two models-basic and professional, Presoott estimated $1,149,500 of manufacturing overhead and 605,000 machine hours for the year. The basic model actually consumed 280,000 machine hours, and the professional model consumed 325,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.90 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $532,000 and $017,500, respectively. EEl (Click the icon to view the data using mutiple department alocation rates.) (Click the ioon to view additional data.) Data Table Road the requirements Basic Model Professional Model Requirement 1. Prescolt expects to produce 175,000 basic models and 175,000 professional models. Compute the predetermined overhead allocation rates model? 287,100 S 60,000 347,100 S 372,900 429,500 802400 Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each places, and the remaining allocation rates to the nearest cent.) Total manufacturing overhead oost Predetermined OH Estimatod ovorhoad coats Estimated oty of the allocation basollocation rate More Info Materials Handling Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional model? Bogin by solocting the formula to alooato ovorhead (OH) costs. (Abbroviation used: Oty-quantity.) Prosoott wants to further refine its costing systom by allocating overhead using activity-based costing. The estimated $1,149,500 of manufacturing overhead has been divided into three primary activities: Matenials Handling, Machine Setup, and Insertion of Parts. The following data have been compiled Materials Handling Machine Setup nsertion of Parts $63,000 Number of parts Total Allocated mfg. overhead costs Overhead costs Allocation Base Expoctod usago: 456,500 $630,000 S 1,149,500 Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Number of setups Number of parts Basic Model Professional Model Manufacturing ovorhoad Matorials Handling Basic Model 30 parts per calculator 20 setups per year 30 parts per calculator Professional Model 60 parts per calculator 35 setups per year 60 parts per calculator Manufacturing overhead-Insertion of Parts Print Done Total manufacturing overhead costStep by Step Solution
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