Question
Use the data below to calculate the amount of overhead allocated to product 2 assuming that factory overhead is allocated based on machine hours. Overhead:
Use the data below to calculate the amount of overhead allocated to product 2 assuming that factory overhead is allocated based on machine hours.
Overhead: 77,167. I keep getting 5.79, but the answer is 6.38 apparently.
Production units
Product 1: 2,400
Product 2: 10,000
Machine hours per product
Product 1: 7
Product 2: 8
Product 1
| Element | Units | $ per unit |
| DM component 1 | 4.54 ounces | $88.35/ounce |
| DL Assistant | 8 | 19 |
Product 2
| Element | Units | $ per unit |
| DM component 2 | 3 ounces | $2/ounce |
| DL Assistant | 6 | 19 |
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Auditing Principle And Practice
Authors: Satyabrata Tripathy
1st Edition
9332519382, 9789332519381
