Prescott makes handheld calculators in two models basic and professional Prescott estimated $937.500 of manufacturing overhead and 625.000 machine hours for the year. The basic model actually consumed 240.000 machine hours, and the professional model consumed 305.000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $150 per machine hour with the located overhead copt between the basic model and the professional model by 5360.000 and 5577500, respectively Click the icon to view the data using multiple department location rates) Click the icon to view additional data) Read the requirements Requirement 1. Prascon expects to produce 200,000 basic model and 200,000 professional models Compute the produtumined overhead allocation rates using activity-based costing How much overhoed in stocated to basic model? To the professional model? Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity breviation used any quarthy Enter the material handling location rate to four decimal places, and the remaining locations to the nearest cant) Predetermined CH - Estimated gry of the allocation base Material Hand Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional moder? Choose from any list of enter any number in the moulds and then continue to the next question i Data Table - X cott estil rmined espectiv consi Ited ov $ Manufacturing overheadAssembly Manufacturing overhead-Packaging Total manufacturing overhead cost Basic Model Professional Model 488,750 $ 261,250 45,000 142,500 $ 533,750 $ 403,750 professio erhead More Info - X at ard of Prescott wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $937,500 of manufacturing overhead has been divided into three primary activities: Materials Handling, Machine Setup, and Insertion of Parts. The following data have been compiled: Materials Handling Machine Setup Insertion of Parts Total Overhead costs $88,000 $365,500 $484,000 $ 937.500 Allocation Base Number of parts Number of setups Number of parts Expected usage Basic Model 32 parts per calculator 18 setups per year 32 parts per calculator Professional Model 56 parts per calculator 42 setups per year 56 parts per calculator et How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty = quantity.) Estimated qty of the allocation base Predetermined OH allocation rate Allocated mfg. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Basic Model Professional Model Manufacturing overheadMaterials Handling Manufacturing overhead Machine setup Manufacturing overhead-Insertion of Parts Total manufacturing overhead cost Choose from any list or enter any number in the input fields and then continue to the next question Total manufacturing overhead cost Requirement 2. Compare the activity based costing results from Requirement 1 with the company's resurs using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods (Round per unt amounts to the nearest cent) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department location rates Activity based allocations What conclusions can you do? Choose from any est or enter any number in the input Delds and then continue to the next question Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest com Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department allocation rates Activity based allocation rates What conclusions can you draw? The allocation using plantwide rate, the is the most accurate because it considers the resources used by each model Management can now see that compared to the costs allo model cost less than expected and the model cost more than expected to produce Choose from any list or enter any number in the input fields and then continue to the next question Prescott makes handheld calculators in two models basic and professional Prescott estimated $937.500 of manufacturing overhead and 625.000 machine hours for the year. The basic model actually consumed 240.000 machine hours, and the professional model consumed 305.000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $150 per machine hour with the located overhead copt between the basic model and the professional model by 5360.000 and 5577500, respectively Click the icon to view the data using multiple department location rates) Click the icon to view additional data) Read the requirements Requirement 1. Prascon expects to produce 200,000 basic model and 200,000 professional models Compute the produtumined overhead allocation rates using activity-based costing How much overhoed in stocated to basic model? To the professional model? Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each activity breviation used any quarthy Enter the material handling location rate to four decimal places, and the remaining locations to the nearest cant) Predetermined CH - Estimated gry of the allocation base Material Hand Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional moder? Choose from any list of enter any number in the moulds and then continue to the next question i Data Table - X cott estil rmined espectiv consi Ited ov $ Manufacturing overheadAssembly Manufacturing overhead-Packaging Total manufacturing overhead cost Basic Model Professional Model 488,750 $ 261,250 45,000 142,500 $ 533,750 $ 403,750 professio erhead More Info - X at ard of Prescott wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $937,500 of manufacturing overhead has been divided into three primary activities: Materials Handling, Machine Setup, and Insertion of Parts. The following data have been compiled: Materials Handling Machine Setup Insertion of Parts Total Overhead costs $88,000 $365,500 $484,000 $ 937.500 Allocation Base Number of parts Number of setups Number of parts Expected usage Basic Model 32 parts per calculator 18 setups per year 32 parts per calculator Professional Model 56 parts per calculator 42 setups per year 56 parts per calculator et How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty = quantity.) Estimated qty of the allocation base Predetermined OH allocation rate Allocated mfg. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Basic Model Professional Model Manufacturing overheadMaterials Handling Manufacturing overhead Machine setup Manufacturing overhead-Insertion of Parts Total manufacturing overhead cost Choose from any list or enter any number in the input fields and then continue to the next question Total manufacturing overhead cost Requirement 2. Compare the activity based costing results from Requirement 1 with the company's resurs using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods (Round per unt amounts to the nearest cent) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department location rates Activity based allocations What conclusions can you do? Choose from any est or enter any number in the input Delds and then continue to the next question Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest com Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate Multiple department allocation rates Activity based allocation rates What conclusions can you draw? The allocation using plantwide rate, the is the most accurate because it considers the resources used by each model Management can now see that compared to the costs allo model cost less than expected and the model cost more than expected to produce Choose from any list or enter any number in the input fields and then continue to the next