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please help with these accounting questions 1) Acme Purniture makes standard and deluxe sofas. The firm estimates $64,350 of manufacturing overhead for the year, and
please help with these accounting questions
1) Acme Purniture makes standard and deluxe sofas. The firm estimates $64,350 of manufacturing overhead for the year, and has the following estimated data: Standard Deluxe rect labor cost per unitS1 $120 500 $13 35 umber of units The firm uses direct labor costs to allocate manufacturing overhead. Calculate the plant- wide predetermined overhead rate based on direct labor costs. A) 28% of direct labor costs B) 35% of direct labor costs C) 63% of direct labor costs D) 60% of direct labor costs 2) Vulcan, Inc. makes radial tires in its Mixing and Molding Departments. The firm uses separate predetermined overhead rates for each department to allocate its overhead. The Mixing Dept. uses machine hours as the allocation base and has $160,000 of estimated manufacturing overhead. The Molding Dept. uses direct labor hours as the allocation base and has $340,000 of estimated manufacturing overhead. The firm estimates a 31,000 machine hours and 22,000 direct labor hours for the year. Calculate the departmental predetermined overhead allocation rates. (Round answer to the nearest cent.) A) Mixing Department: $5.16 B) Mixing Department: $15.45 Molding Department: $5.16 C) Mixing Department: $7.27 Molding Department: $10.97 D) Mixing Department: $10.97 Molding Department: $7.27 Molding Department: $15.45Step by Step Solution
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