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please help me with the first two questions Unit 0.8 Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, carinets, and
please help me with the first two questions Unit 0.8 Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, carinets, and oboes. The budgeted tactory overhead cost is $167,040. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit: Budgeted Production Direct Labor Hours Per Volume Flutes 2,500 units Clarinets 900 1.6 Oboes 1,000 1.2 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide overhead rate. per direct labor hour b. Use the overhead rate in () to determine the amount of total and percnt overhead located to each of the three products Total Per Unit Factory Overhead Cost Factory Overhead Cost Futes Clarinets Oboes Total Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc, manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $267,400 Machine hours Assembly 185,130 Direct labor hours Inspecting 36,820 Number of inspections Setup 51,840 Number of setups Materials handling 37,310 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow Entry Dining Total Activity Base Machine hours 9,550 5,060 4,360 2,000 4,490 6,530 Direct labor hours Number of inspections 10,890 2,630 630 290 Number of setups 70 360 Number of loads 720 190 910 Units produced 10,000 5,000 15,000 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting per machine hour Assembly per direct labor hour ebook Setup 51,840 Number of setups Materials handling 37,310 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity base usage quantities and units produced Follow: Entry Dining Total Activity Base Machine hours Direct labor hours 5,060 4,360 2,000 4,490 6,530 630 9,550 10,890 2,630 Number of inspections Number of setups Number of loads 290 70 360 720 190 910 Units produced 10,000 5,000 15,000 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate Casting per machine hour Assembly per direct labor hour Inspecting per inspection per load Setup per setup Materials handling b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit amounts to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures
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