Performance Gloves, Inc. produces three sizes of sports gloves: small, medium, and large. A glove pattern...

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Performance Gloves, Inc. produces three sizes of sports gloves: small, medium, and large. A glove pattern is first stenciled

business accounting

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Answer 1

Answer #1

Answer a.

Pattern Department:

Factory overhead rate per direct labor hour = Budgeted factory overhead / Budgeted direct labor hour
Factory overhead rate per direct labor hour = $116,600 / 2,200
Factory overhead rate per direct labor hour = $53.00

Cut and Sew Department:

Factory overhead rate per direct labor hour = Budgeted factory overhead / Budgeted direct labor hour
Factory overhead rate per direct labor hour = $196,000 / 2,800
Factory overhead rate per direct labor hour = $70.00

Answer b.

Small Glove:

Factory overhead per unit = $53.00 * 0.04 + $70.00 * 0.08
Factory overhead per unit = $7.72

Medium Glove:

Factory overhead per unit = $53.00 * 0.05 + $70.00 * 0.10
Factory overhead per unit = $9.65

Large Glove:

Factory overhead per unit = $53.00 * 0.06 + $70.00 * 0.12
Factory overhead per unit = $11.58

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Answer 2

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