Purchasing & receiv $14,000 Materials Storage of materials $7,000 Moving materials $10,500 Purchase orders Square feet storage Parts 800 400 100 200 600 200 1,000 1,000 300 Machine maintenand $21,000 Machine hours 1,000 2,000 3,000 Support Cleaning workspace $3,500 square feet production 3,000 2,000 5,000 Factory security $14,000 square feet production 3,000 2,000 5,000 Your Couses the ABC method to assign overhead, calculate the following ABY a) Purchasing & receiving b) Storage of materials per sq. ft storage c) Moving materials per part d) Machine maintenance per mach.hr e) Cleaning workspace per sq. ft production f) Factory security per sq. ft production Der PO Calculate the overhead assigned to products 1& 2 from each cost pool: Product 2 Product 1 g) Purchasing & receiving h) Storage of materials i) Moving materials i) Machine maintenance k) Cleaning workspace! 1 Factory security m) Total overhead Assume 1,000 units of product 1 and 500 units of product 2 were produced. Product 2 Product 1 p] Overhead cost per unit Exercis Your Co. sells two products (182), and two departments serve factory workers (materials dept. & support dept.). To follow are various production Expected Usage Expected Activity Cost Driver Product Product 2 Total Purchasing & receiv $14,000 Purchase orders 800 200 1,000 laterials Storage of materials $7,000 Square feet storage 400 600 1,000 Moving materials $10,500 Parts 100 200 300 Machine maintenand $21,000 Machine hours 1,000 2,000 3,000 Support Cleaning workspace $3,500 square feet production 3,000 2,000 5,000 Factory security $14,000 square feet production 3,000 2,000 5,000 Determine the departmental overhead rates assuming the Materials Dept assigns overhead based on purchase orders and the Support Dept assigns overhead based on square feet used in production a) Materials Dept OH Rate b) Support Dept OH Rate per sq. ft production per PO Calculate total overhead assigned to products 18 2 and overhead per unit assuming you made 1,000 units of product 1produced and 500 units of product 2. Product 2 Product 1 c) Materials OH assigned d) Support OH assigned e) Total Product 1 f) Overhead cost per unit Product 2