Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tebule Inc. makes two styles of trophies, basic and deluxe, and operates at capacity Tribule does large calon onders. Tribute budges to produce 10,000
Tebule Inc. makes two styles of trophies, basic and deluxe, and operates at capacity Tribule does large calon onders. Tribute budges to produce 10,000 basic trophies and 5,000 deluxe trophies Manufacturing takes place in two production departments forming and assembly in the forming department, indirect manufacturing costs are accumulated in two cost pools, set i and general overhead in the assembly department, all indirect manufacturing costs are accumulation general overhead cost pool. The basic trophies are formed in belches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 (Click the icon to view Read the maurements Requirements Data table x Direct materials Forming Assembly Total direct materials Direct manufacturing labor Foming Assembly Total direct manufacturing i Total direct cont 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based on total direct (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation 2. Calculate the budgrind unit cost of basic and deluxe trophies based on departmental overhead rates, where foming department overhead costs are located besed on dinct manufacturing labor costs of the forming department andably department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department 3. Call the budgeted unit cost of basic and deluxe trophies if Tribute locados in each department using activity-based costing seup costs are allocated based on number of betches and ge Overhead costs for each department are allocated based on direct manufacturing isbor costs of each department 4. Explain briefly why plantwide, department, and activity-based costing syst show different coots for the basic and deluse trophies Which system would you The controller has asked you to compare plantwide, department, and activity-based cost location Telbule Budgeted information for the Year Ended November 30, 2020 Forming Department Delus Total Direct materials 00000 20.500 $ 113,150 Direct manufacturing labor 30.500 13.500 44,000 Overhead costs Setup 88,440 Overhead costs: General overhead 23,750 Assembly Department Dele Total Direct material $ Direct manufacturing labor 4,000 $ 15.100 740 2,050 16.000 31,000 Overhead costs: General overhead 27.900 Help me solve this NO301 Mies doce Print Done Print Done Show All
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