Answered step by step
Verified Expert Solution
Question
1 Approved Answer
THERE IS ONLY 4 OPTION TO CHOOSE LISTED ABOVE! Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2
THERE IS ONLY 4 OPTION TO CHOOSE LISTED ABOVE!
Exercise 17-10 Assigning overhead costs using the plantwide rate and departmental rate methods LO P1, P2 Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 28,000 desk lamps produced annually follows. $255,000 Direct materials Direct labor Fabricating department (9,500 DLH * $30 per DLH) Assembly department (16,000 DLH * $25 per DLH) Machine hours Fabricating department Assembly department $285,000 $400,000 15,000 MH 20,950 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours Overhead cost Fabricating 150,000 DLH 163,000 MH $350,000 Assembly 375,000 DLH 122,000 MH $420,000 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. Direct materials Direct Labor - Assembly Direct Labor - Fabricating Overhead Overhead Total manufacturing costs Units produced Manufacturing cost per unit $ 255,000 400,000 285,000 13,965 23,520 977,485 28,000 $ 34.91 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate. Direct materials Direct Labor - Assembly Direct Labor - Fabricating Overhead $ 255,000 400,000 285,000 13,965 23,520 977,485 28,000 $ 34.91 Direct Labor - Assembly Direct Labor - Fabricating Direct materials Overhead
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