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Required Information [The following Information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $372,000 of
Required Information [The following Information applies to the questions displayed below.] Tent Master produces Pup tents and Pop-up tents. The company budgets $372,000 of overhead cost and 62,000 direct labor hours. Additional Information follows. Per Unit Pup tent Pop-up tent Selling Price $ 88 Direct Materials $ 23 Direct Labor $ 45 83 28 32 Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 62,000 direct labor hours. 2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product. 3. Compute the product cost per unit for each product. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 62,000 direct labor hours. Numerator Denominator Total budgeted overhead cost Total budgeted direct labor hours < Required 1 $ 372,000 S 62,000 6 per direct labor hour Required 2 >
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