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would you please complete question #3 , #4 and #5 please ? Requirements 1. Compute the plantwide overhead rate assuming that Evan's expects to incur
would you please complete question #3 , #4 and #5 please ?
Requirements 1. Compute the plantwide overhead rate assuming that Evan's expects to incur 27,500 total DL hours 2. Compute departmental overhead rates assuming that Evan's expects to incur 14,800 MH in the 3. If Evan's continues to use the plantwide overhead rate, how much manufacturing overhead would 4. If Evan's uses departmental overhead rates, how much manufacturing overhead would be 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or during the year. Machining Department and 18,000 DL hours in the Finishing Department during the year. be allocated to Job 450 and Job 455? allocated to Job 450 and Job 455? undercost either job? Explain. If Evan's sells its furniture at 125% of cost, will its choice of allocation systems affecet product pricing? Explain. More Info The Evan's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 6 DL hours throughout the entire production process. Job 450 incurred 1 MH in the Machining Department and 5 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 5 MH in the Machining Department and 4 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). PrintDone Evan's Fine Furnishings manufactures upscale custom furniture. Evan's currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,100,000 of manufacturing overhead to individual jobs. However, Deana Able, owner and CEO, is considering refining the company's costing system by using departmental overhead rates. Currently, the Machining Department incurs $740,000 of manufacturing overhead while the Finishing Department incurs $360,000 of manufacturing overhead. Deana has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department. (Click the icon to view the job information.) Read the requirements. Requirement 1. Compute the plantwide overhead rate assuming that Evan's expects to incur 27,500 total DL hours during the year First identify the formula, then compute the rate. (Round your answer to the nearest whole dollar.) Total manufacturing overhead Cost allocation base (estimated) Plantwide overhead rate 1,100,000 27,500 40 Requirement 2. Compute departmental overhead rates assuming that Evan's expects to incur 14,800 MH in the Machining Department and 18,000 DL hours in the Finishing Department during the year First identify the formula, then compute the rate for each department. (Round your answers to the nearest whole dollar.) Total department overhead Cost allocation base (estimated) overhead rate = $ 50 per mach. hour 740,000 Machining Finishing Requirement 3. If Evan's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455? First identify the formula, then calculate the amount of manufacturing overhead that would be allocated to the jobs if the plantwide overhead rate is used. (Round your answers to the nearest whole dollar.) 14,800 360,000 18,000 per DL hour Manufacturing overhead allocated Job 450 Job 455 Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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