Q13. Bike-O-Rama (Please help. Thank you!)

Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow.

DepartmentBudgeted CostAllocation BaseBudgeted UsageFabricating$134,400Machine Hours9,600 MHAssembly124,000Direct Labor Hours3,100 DLH

Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs.

2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model.

VoltageEasyriderMachine Hrs. Per Unit2.0 MH3.0 MHDirect Labor Hrs Per Unit1.8 DLH0.5 DLH

3. The company reports additional information below. For each model, compute the product cost per unit.

Per UnitSelling PriceDirect MaterialsDirect LaborVoltage$276$106$45EasyRider1709618

4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit).

The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Note: Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. The company reports additional information below. For each model, compute the product cost per unit. Note: Round your answers to 2 decimal places. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Note: Round your answers to 2 decimal places