Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for

image text in transcribedimage text in transcribed

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Direct labor hours Machine hours Overhead costs Molding 53,000 DLH 39,500 MH $720,000 Trimming 50,000 DLH 4,300 MH $ 580,000 Data for two special-order parts to be manufactured by the company in this year follow. Part A270 10,800 units Part X82B 55,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,300 MH 2,600 MH 1,260 MH 650 MH 3,500 DLH 900 DLH 2,200 DLH 4,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the base. Required 1 Required 2 > Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Direct labor hours Machine hours Overhead costs Molding 53,000 DLH 39,500 MH $720,000 Trimming 50,000 DLH 4,300 MH $ 580,000 Data for two special-order parts to be manufactured by the company in this year follow. Part A270 10,800 units Part X82B 55,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,300 MH 2,600 MH 1,260 MH 650 MH 3,500 DLH 900 DLH 2,200 DLH 4,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1. (Round "OH rate" to 2 decimal places.) Part Activity Driver Plantwide OH rate Total Overhead Cost A27C X82B

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

Front Office Operations And Night Audit Workbook

Authors: Patrick J. Moreo, Gail Sammons, Jim Dougan, James Dougan

1st Edition

0133987698, 978-0133987690

More Books

Students also viewed these Accounting questions

Question

2. Identify the purpose of your speech

Answered: 1 week ago