Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [The following information applies to the questions displayed below) Craft Pro Machining produces machine tools for the construction industry. The following details about
Required information [The following information applies to the questions displayed below) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Indirect Materials Other Overhead Indirect Labor $410,000 $215,000 Production Activity Grinding Polishing Product modification Providing power System calibration 450,000 $230,000 540,000 Additional information on the drivers for its production activities follows. Grinding Polishing Product modification Providing power System calibration 19,000 machine hours 19,000 machine hours 1,400 engineering hours 21,000 direct labor hours 1,000 batches Job 4286 2,375 units 3,000 MH Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 190 units 300 MH 29 eng. hours 25 batches 440 DLH 34 ene hours 75 batches 3,960 DLH Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) Providing power System calibration 21,00 direct labor hours 1,000 batches Number of units Machine hours Engineering hours Batches Direct labor hours Job 3175 198 units 300 MH 29 ene. hours 25 batches 440 DLH Job A286 2,375 units 3,000 MH 34 eng hours 75 batches 3,960 DUH Required: 5. If the company uses a plantwide overhead rate based on direct labor hours, what is the overhead cost for each unit of Job 3175? Of Job 4286? (Do not round intermediate calculations. Round "OH Cost per unit" answers to 2 decimal places.) 0 Product DL hours Plantwide OH rate Total Overhead Cost Units Produced OH Cost per unit Job 3175 $ 0.00 $ 0 Job 4286 $ 0.00 $ 0 GUD
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started