Trendy inc, makes two styles of trophies, basic and deluxe, and operates at capacity. Trendy does large custom orders. Trendy budgets to produce 10,000 basic trophie Manufacturing takes place in two production departments; forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost po overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of because of the more intricale detail of the deluxe trophies, they are formed in batches of 50 units per batch. (Click the icon to view budgeted information.) Read the requirements: Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based cn total dir include direct material and direct manufacturing labor cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. Next, caiculate the budgeted overhead rate for total everhead allocated based on total direct costs. First select the formula, then enter the applicable amounts and caicul answer to the nearest cent, $X. Abbreviations used, DC= Direct cost, DL = Direct labor, $= dollar.) Data table The controller has asked you to compare plantwide, department, and activity-based cost allocation. Requirements 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 costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department . and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. 3. Calculate the budgeted unit cost of basic and deluxe trophies if Trendy allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. 4. Explain briefly why plantwide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why? Next, calculate the budgeted overhead rate for total overhead allocated based on total direct costs. First select the formula, answer to the nearest cent, $X.XX. Abbreviations used: DC= Direct cost, DL= Direct labor, $= dollar.) Trendy inc, makes two styles of trophies, basic and deluxe, and operates at capacity. Trendy does large custom orders. Trendy budgets to produce 10,000 basic trophie Manufacturing takes place in two production departments; forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost po overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of because of the more intricale detail of the deluxe trophies, they are formed in batches of 50 units per batch. (Click the icon to view budgeted information.) Read the requirements: Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based cn total dir include direct material and direct manufacturing labor cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. Next, caiculate the budgeted overhead rate for total everhead allocated based on total direct costs. First select the formula, then enter the applicable amounts and caicul answer to the nearest cent, $X. Abbreviations used, DC= Direct cost, DL = Direct labor, $= dollar.) Data table The controller has asked you to compare plantwide, department, and activity-based cost allocation. Requirements 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 costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department . and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. 3. Calculate the budgeted unit cost of basic and deluxe trophies if Trendy allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. 4. Explain briefly why plantwide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why? Next, calculate the budgeted overhead rate for total overhead allocated based on total direct costs. First select the formula, answer to the nearest cent, $X.XX. Abbreviations used: DC= Direct cost, DL= Direct labor, $= dollar.)
