Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saved Submit Help Save & Exit - 17 GH Check my work Process Components Activity Changeover Machining Setups Driver Number of batches Machine hours Number

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Saved Submit Help Save & Exit - 17 GH Check my work Process Components Activity Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 800 6,000 120 Finishing Welding Inspecting Rework Overhead cost $ 500 deg 279,000 225,000 $1,904.000 $ 180, 300 210.000 25,000 465 300 $ 135,000 32,000 65,000 $ 232,000 Welding hours Number of inspections Rework orders 3,000 700 300 ook Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 450 5,000 5,000 Additional production information concerning its two product lines follows rences Model 212 3,500 2,200 400 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 1,500 800 400 400 1,500 60 160 300 300 4,200 60 140 150 Required: 1. Determine departmental overhead rates and compute the overhead cost per unit for each product line, Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department Assign costs to the support department based on number of purchase orders. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and 5180 for Model 212 3. If the market price for Model 145 is $820 and the market price for Model 212 is $480. determine the profit or loss per unit for each model 2. Determine the total cost per unit for each product line if the direct labor and direct maler unit are $250 for Model 145 and $180 for Model 212. 3. If the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Book Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base you assignment for the components department on machine hours. Use welding hours to assign overhead costs to t department. Assign costs to the support department based on number of purchase orders. (Round your interme calculations and per unit cost answers to 2 decimal places.) Hint Terences Components department 01 Finishing department 0 Support department 0 Model 145 Activity Driver Departmental OH Rate Total Overhead Cost Components Finishing Components department Finishing department Support department Model 145 Activity Driver Departmental OH Rate Total Overhead Cost $ Components Finishing Support $ Model 212 Activity Driver Departmental OH Rate Total Overhead Cost $ Components Finishing Support S Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost per unit for each product line if the direct labor and direct mate 145 and $180 for Model 212. (Round your intermediate calculations and cost per unit an Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit -pe here to search O If the market price for Model 145 is $820 and the market each model. (Loss amounts should be indicated with a minus sign. Round your intern 2 decimal places.) Model 145 Model 212 Market price per unit Cost per unit Profit (loss) 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_2

Step: 3

blur-text-image_3

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

Understanding And Auditing IT Systems Volume 2

Authors: Young-Woon Min

2nd Edition

1257758837, 978-1257758838

More Books

Students also viewed these Accounting questions