Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Real Cool produces air conditioners in two departments Assembly and Finishing Budgeted information follow Department Assembly Finishing Budgeted Cost $264,000 21,000 Allocation Base Machine hours

Real Cool produces air conditioners in two departments Assembly and Finishing Budgeted information follow Department Assembly Finishing Budgeted Cost $264,000 21,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 7,100 machine hours 4,200 direct later hours Additional production information for two models of its air conditioners follows. Per unit Model A Model T Selling price $496 Direct materials Direct labor 155 205 145 215 Model A 300 Model T 400 3.5 3DLH 4 OLH Units produced Assembly machine hours per unit Finishing direct labor hours per unit 1a. Compute departmental overhead rates and determine overhead cost per unit for each model 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs 2. Compute the total product cost per unit for each model 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Reg 2 Req 3 Compute departmental overhead rates and determine overhead cost per unit for each model. Assembly department overhead rate Finishing department overhead rate per M per DLH 18> Duk Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Compute the total product cost per unit for each model. Per Unit Model A Model T Direct Materials Direct Labor Overhead Product Cost per Unit at per unity Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Model A Model T Selling Price Product Cost Gross Profit Real Cool produces air conditioners in two departments: Assembly and Finishing Budgeted information follows. Department Assembly Finishing Budgeted Cost $284,000 21,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 7,100 machine hours 4,200 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Model A $ 510 Model T $490 Direct materials 155 145 Direct labor 285 215 Model A 300 2 MH 3 DLH Model T 400 3.5 MH 4 DLH Units produced Assembly machine hours per unit Finishing direct labor hours per unit 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 de gross profit Units produced Assembly machine hours per unit Finishing direct labor hours per unit Model A 300 2 MH 3 DLH Model T 400 3.5 MH 4 DLH 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Selling Price Model A Model T Product Cost Gross Profit < Req 2 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Compute the total product cost per unit for each model. Per Unit Model A Model T Direct Materials Direct Labor Overhead Product Cost per Unit Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department Departmental Overhead Rato Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $ 0 0 el, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Compute departmental overhead rates and determine overhead cost per unit for each model. Assembly department overhead rate Finishing department overhead rate RTA per MH per DLH Req 18> Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Budgeted Cost $ 284,000 21,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 7,100 machine hours 4,200 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Model A Model T $ 510 Direct materials 155 $ 490 145 Direct labor 205 215 Model A 300 2 MH 3 DLH Model T 400 3.5 MH 4 DLH Units produced Assembly machine hours per unit Finishing direct labor hours per unit 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Mcgrawhil/Irwin

1st Edition

B008CMOMTS

More Books

Students also viewed these Accounting questions

Question

Explain the key areas in which service employees need training.

Answered: 1 week ago

Question

Understand the role of internal marketing and communications.

Answered: 1 week ago