question 1
question 2
Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected Costs Direct labor Direct materials Home 1 $ 73,000 92.000 Home 2 $105,000 144,000 Home 3 $184,000 191,000 Assume Campbell needs to allocate two major overhead costs ($72,400 of employee fringe benefits and $34,160 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) Fringe Benefits: Home Allocation Rate x Weight of Base Allocated Cost 1 X 2 X X 3 Total nces Indirect Materials: Home 1 Allocation Rate x Weight of Base - Allocated Cost 2 3 Total Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Intermaale Prey 1 of 3 !!! Next > Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) 5 points 8 02:21:06 Fringe Benefits: Home 1 2 Allocation Rate x Weight of Base = Allocated Cost eBook 3 Total Hint Indirect Materials: Home Allocation Rate * Weight of Base Allocated Cost Print 1 X 2 3 References Total Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost Problem 12-18A (Algo) Allocation to accomplish smoothing LO 12-1, 12-2, 12-3 ts 02:20:12 Benson Corporation estimated its overhead costs would be $23,000 per month except for January when it pays the $108,000 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $131,000 ($108,000+ $23,000). The company expected to use 7,400 direct labor hours per month except during July August, and September when the company expected 9,800 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,700 units of product in each month except July, August, and September, in which it produced 4,900 units each month. Direct labor costs were $24.30 per unit, and direct materials costs were $11.10 per unit. Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August c. Determine the cost per unit of product for January, March, and August d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $21.30 per unit. Book Print eferences Complete this question by entering your answers in the tabs below. Req A Req B to D Calculate a predetermined overhead rate based on direct labor hours. (Round your answer to 2 decimal places.) Predetermined overhead rate por labor hour KROGA Reg BloD> Complete this question by entering your answers in the tabs below. Req A Reg B to D Determine the total allocated overhead cost, the cost per unit of product and the selling price for the product for January March, and August. Assume that the company desires to earn a gross margin of $21.30 per unit. (Do not round Interme calculations. Round "Cost per unit" and "Selling price per unit" to 2 decimal places. Round your total allocated overhead to nearest whole dollar.) Show les January March August Total allocated overhead cost Cost per unit Selling price per unit Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) 5 points 8 02:21:06 Fringe Benefits: Home 1 2 Allocation Rate x Weight of Base = Allocated Cost eBook 3 Total Hint Indirect Materials: Home Allocation Rate * Weight of Base Allocated Cost Print 1 X 2 3 References Total Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost Problem 12-18A (Algo) Allocation to accomplish smoothing LO 12-1, 12-2, 12-3 ts 02:20:12 Benson Corporation estimated its overhead costs would be $23,000 per month except for January when it pays the $108,000 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $131,000 ($108,000+ $23,000). The company expected to use 7,400 direct labor hours per month except during July August, and September when the company expected 9,800 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,700 units of product in each month except July, August, and September, in which it produced 4,900 units each month. Direct labor costs were $24.30 per unit, and direct materials costs were $11.10 per unit. Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August c. Determine the cost per unit of product for January, March, and August d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $21.30 per unit. Book Print eferences Complete this question by entering your answers in the tabs below. Req A Req B to D Calculate a predetermined overhead rate based on direct labor hours. (Round your answer to 2 decimal places.) Predetermined overhead rate por labor hour KROGA Reg BloD> Complete this question by entering your answers in the tabs below. Req A Reg B to D Determine the total allocated overhead cost, the cost per unit of product and the selling price for the product for January March, and August. Assume that the company desires to earn a gross margin of $21.30 per unit. (Do not round Interme calculations. Round "Cost per unit" and "Selling price per unit" to 2 decimal places. Round your total allocated overhead to nearest whole dollar.) Show les January March August Total allocated overhead cost Cost per unit Selling price per unit
