y Products manufactures a single product. Cett talut, and production Information for the company and the single posoud ni ne flow Click the icon to view the do Peter More info GD Soling priceperunt la 560 Viable manufacturing costs per un maractured includes material (OMGrect labor(DLL and was MOHOU Vile operating per period Fixed manufacturing overhead (OH) for the year 10 Fred operating person for the year ST.000 Unibancured and sold for the year 12.000 units LE Requirements Requirement 2. Prepare roomsment for the upcoming yeating absorption conting O'Mally's Products Income statement Absorption Coating For the Year Ended December 31 1 Prepare an income talent for the upcoming yang artico 2. Prepare an income for upcoming yearsington conting Print Done Calculator Oway Products manufactures a unghe product Comt, was, and production intowlion for the company and in arge product im tollow Click the icon to view the data) Read the team More info Requirement 1. Prepare an income statement for the upcoming year uning variable costing O'Many's Products Contribution Margin Income Statement Variable Conting) For the Year Ended December 31 Seling price per uritis 300 Variable manufacturing conta per un mandatured includes direct mas DM director DL and variable MOH) 533 Variable eating expenses per un sold ) Fund manufactured (MOHO) in tow for the your 100,000 Fles operating expenses in total for the yow 567,000 Units manufactured and sold for the year 12.000 units Print Done LE Requirement 2. Prepare an income statement for the upcoming year wing woorption costing O'Mally's Products Income Statement (Absorption Costing Ethan Calculator O'Mally's Products manufactures a single product. Cost, sales, and production info (Click the icon to view the data.) Read the requirements. Less: | | Less: Requirement 2. Prepare an income statement for the upcoming year using absorptior O'Mally's Products Income Statement (Absorption Costing) For the Year Ended December 31 Less: Less: East Horizon uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follows: (Click the icon to view the data.) 11 Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then compute the rate for each Activity cost allocation rate Mat, handling per part Mach setup per setup Insertion per part Finishing per hour = = = Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. East Horizon uses ABC to account for its chrome wheel manufacturing process. Company managers manufacturing activities that incur manufacturing overhead costs: materials handling, machine setup, and finishing. The budgeted activity costs for the upcoming year and their allocation bases are as follo (Click the icon to view the data.) 113CILIUM 11 Finishing Requirement 2. Compute the manufacturing overhead cost that should be assigned to Job 420. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total Requirement 3. Compute the manufacturing overhead cost that should be assigned to Job 510. MOH Cost Activity Materials handling Machine setup Insertion of parts Finishing Total gove non costs materials handling machine setup, Insertion of parts for the upcoming year and their allocation bases are as follows: parts require 25 setups, and consume 2.300 hours of finishing time. Click the icon for completed Job data) regements Data table - X - X Requirements 1. Compute the cost alocation rate for each activity 2. Compute the manufacturing overhead cost that should be assigned to job 420 3. Compute the manufacturing overhead cost that should be assigned to Job 510 Activity Materials handling Machine setup Insertion of parts Finishing Total Budgeted Manufacturing Overhead Cost Allocation Base 6.400 Number of parts 9,000 Number of setups 54,400 Number of parts 89.700 Finishing direct labor hours 159.500 Print Done Total Print Done